levels on chart. logic - inside value area relationship and symmetric triangles
travelling inside a parallel channel, may give a breakdown .
analysis at every timeframe level is suggesting airtel is at a crucial point. It's at Monthly trendline and support,on weekly and daily charts it seems to be forming an inverted cup and handle type of pattern. Technical indicators are also indicating strong sell. A lot can happen in this scrip in coming weeks. keep it on watchlist.
IF fails to break with volume then we may see it kiss the virgin POC(pink support line) left untouched from quite some time now
Buy above 1265 for target levels drawn with blue and pink segments
inverted cup pattern is not invalidated yet. Can see a good down move if pattern holds this week
the stock opened then probed in upward direction to see if any buyers will show interest. Once it was confirmed there was no buyers, the stock bolted towards bottom resulting in a trend day
LETS SEE TOMORROW