Airtel could fall further in this week

Airtel has formed an evening star pattern on the NSE weekly chart.  The MACD has slowed down, and %K has made a negative crossover.

All signs that October 18 - 22 could be another difficult week for this stock.  

Refer my earlier posts for Fibonacci support level.

Chart Source: www.google.com/finance

Ingersoll Rand could fall soon

Ingersoll Rand is not looking good.  The sideways market shows up dojis and inverted hammers.  These are signs that the bears are trying to progressively gain control.  The stock might show a weak rise tomorrow but could go into a fall afterwards. 

Additionally, the market made divergence a few days back, also signaling an oncoming fall in price levels.

The support levels formed by Fibonacci retracements if the stock goes down are 472.09, 461.3, and 450.31.

If the stock indeed goes down soon as is seeming apparent, its a good time to take a short position around 475 levels with full/partial target around 430.  The exit from this position could be around 512-515 levels.