Airtel: Bobbing Up and Down Near Support

BHARTI AIRTEL Daily NSE Stock Chart Technical Analysis:


Airtel maintained its status above the 200 DMA today.

Close & CMP: 323

Market Outlook:

• The price seems to be moving upwards.  Let's see how far it goes.  If it goes up tomorrow as well and the other indicators are looking right, there might be an opportunity to take a long position.
• Airtel आज ऊपर गया है.  शुरुआत में भाव गिरा लेकिन उसे ३०४ पर लॉन्ग टर्म सुप्पोर्ट मिल गया, और फिर भाव वापिस अपने २०० DMA और ३१९ सुप्पोर्ट के ऊपर जा के बंध हुआ.

Technical Indicators:

• A piercing candlestick pattern has occurred.
• The 200 DMA and long term support levels at 319 and 304 are helping the stock price sustain.
• Today's rise is accompanied with high trading force.
• The momentum oscillators are showing an upward rise.
• There is hope that Airtel will make an upward correction.

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BHARTI AIRTEL Daily NSE Stock Chart Technical Analysis