March 14, 2013

Bharti Airtel Chart analysis

  • Daily chart of Airtel shows  a bearish head and shoulders pattern
  • Stock has immediate support at 307 levels. Below 307 price could fall towards 200 Day SMA or 291 levels. Immediate resistance at 327 and 50 Day SMA.
  • Stock has to break the crucial 200 Day SMA if the bearish pattern is to play out.

1 comment:

  1. Very useful analysis.
    Is it possible to put Price levels in all charts, along with 50/200 SMA or Trend Line Support in first/second chart, as put in third chart above.
    Would prefer if such practice is followed in all charts posted.
    Thank you.