Point A - 25.1.2016 first bottom Point B - 07.11.2016 Second bottom Immense support @ 282 levels and a very small resistance at 330 levels
Bharti Airtel could have completed a Flat pattern with wave c extension. I was expecting the up move to start at 333 in case of a regular flat (link attached). A move below the end of wave c would negate the setup and hence could be used as SL.
Do I need to see anything more ? Broken all moving averages daily and weekly. Broken box range. Fundamentals are challenged. Tough times ahead for telecommunication industry. It should retest levels of 277 in days to come.
NSE:BHARTIARTL Bhartiartl is moving down may touch level at 344.40 Happy trading
Airtel seems to be tracing out a flat pattern. A lower breakout should start the final wave 5 of wave C of flat down, following which it should go up.
Double bottom and a positive hammer candlestick formation confirm buying at current levels. It signals a buy opportunity at minimum risk. T1: 360 SL: 337 If it breaks support of 337 then it may go down to 328, keep a good watch
bharti airtel look week below 345 1 target 333.55, 2nd target 321.40, and 3rd target is304
bharti airtel buy levels 345-350 levels for the immediate target 380-390
Now market is on strong resistance zone....and we can see Bearish Divergence on this zone. I'll take short position on next trading session. Short @ : 350.88 Stop Loss:374.22 Take Profit :304.18
buy near the trendline
Short Bharti Airtel (NSE/BSE - India) - See chart for more details