Airtel taking support of 200 DMA, Resistance at 318.50

AIRTEL Daily NSE Stock Chart Technical Analysis:

Airtel remained range-bound on a day when the market tanked, and was able to hold fort and remain where it opened.

Open: 312.95  Close: 313.45  High: 319.50  Low: 311

Market Outlook:

• Market remained indecisive today and has tested its previous support at 318.50 which is now acting as resistance.

Technical Indicators:

• An indecisive Doji candlestick formed today.
• The price tried to return back to its support line at 318.50.  But now this same support line is now acting as resistance.
• The price has taken support of 200 DMA near Rs 307.
• Tomorrow is a crucial day and the price could try to rise above 318.50 once again.

AIRTEL Daily NSE Stock Chart Technical Analysis