Airtelpriceaction
BHARTIAIRTEL - BreakoutBHARTIARTL has been in a five month long consolidation zone from March till July. In the end of July series it has given a breakout. One can go long with an immediate target of 572.15 and 593.35 with stop loss placed at 551.45.
P.S. Extra bullishness is because of (i) impending crossover of 25EMA over 50EMA, (ii)the two hooks in the MACD chart.
Bharti Airtel - Bullish Divergences Bharti Airtel seems to be in a strong bullish trend.
Post 21st December correction, it is taking strong trendline support along with hidden bullish divergences.
Price is making an upper low while RSI is making a lowe low.
Usually, these divergences play with a quick movement.
Current market price 501:
1) Strong support is at 490, if broken, stock can test 470-460 levels ( however, it seems unlikely that 490 will be broken)
2) target is 550-570 levels in near term future