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Bhartiartllevels

BHARTIARTL--Trendline breaks to reach Dzone??Observations:: NSE:BHARTIARTL the stock is trending upwards. the price is broken the previous resistance @790-795 range. after breaking resistance price is slowly moving towards next resistance. we have a trendline support as well. The previous resistance acts as support, price will move upwards again. we have next resistance@820-825 range. Price may reversal again from this Zone. facing resistance @820 range price broken previous resistance@790-795 range,look for sell. we have support @740 range, demand zone @760 range which may act as support again. Keep watch this levels.
NSE:BHARTIARTL
by IIT-Trader
Bharti Airtel Trend AnalysisA potential Head & Shoulder pattern is forming, break of the neckline will drag the price lower towards 540 level. Even though the OPM% is superb, borrowings are increasing YOY to concerning levels. Net profitability will take a hit with increasing interest rates due to quantitative tightening. 25,980 crores of AGR dues to be paid till March 2031. All these factors are directing towards a bearish sentiment. Good to look for shorting opportunities now. Better to accumulate around 520-550 levels for the following targets: Short term swing target @ 630 (16.67% ROI with 2.25 R:R) Medium term swing target @ 750 (38.9% ROI with 5.25 R:R) Long term positional target @ 880 (63% ROI with 8.5 R:R) Do your own due diligence before taking any action. Peace!!
NSE:BHARTIARTLShort
by Swastik24
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