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Important Update

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We have just published a Technical report on Federal Bank Federal Bank is looking positive and above 1xx levels, c...

Tuesday, September 5, 2017

Technical Pick –Bharti Airtel





Technical Pick –Bharti Airtel









•Bharti airtel is finding support at 412 and resistance above 420. 

•On Daily chart, Bharti airtel is showing breakdown point below 412.Break and sustain below 412 will see nonstop rally in Bharti airtel till 404--395++ in weeks to come.

• Bharti airtel has been trading in a broader range of 283--483 for last one year.

MACD showing negative momentum which indicates that downside seems certain in it.

• Traders don’t go for aggressive or positional buying at all because trend looks negative and we expect panic to remain continue till 404--395+++mark in coming weeks.
For positional trade, stop loss seeing above 420 on closing basis which in unlikely to breach in near terms. 



Trading Recommendation



Sell Bharti airtel below 412 and for the initial upside target of 404—395++ mark with stop loss above 420 on closing basis.











More will update soon!!