July 31, 2013

Bharti Airtel Chart analysis before Quarterly results

  • Price took support near 20 Day SMA.

  • Daily chart with MACD Shows weakness before the results announcement.
  • Weekly chart is reacting from the falling resistance line.
  • Price testing 20 Day SMA. Sustaining below this level may lead to more weakness. For bulls must protect 20 Day SMA to move higher.

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