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.

All previous posts related to Bharti Airtel 


BHARTI AIRTEL Daily NSE Stock Chart Technical Analysis

Airtel: At 200 DMA Support

BHARTI AIRTEL Daily NSE Stock Chart Technical Analysis:


Airtel fell again today, but has found support.

Close & CMP: 317

Market Outlook:

• The price fell today but found support at the 200 DMA.
• Moreover, there is double support as a previous consolidation area is also co-inciding with the 200 DMA.
• There is a chance that the price fall may be curbed.
• If the price falls below its 200 DMA, then Airtel will present an opportunity to go short.
• Airtel आज फिर गिरा.  लेकिन उसे अपने २०० DMA पर सुप्पोर्ट मिल गया है.  अगर २०० दमा को तोड़ कर नीचे चला जाता है, तो हमें शोर्ट पोसीशन लेने का मौका मिलता है. 

Technical Indicators:

• The price is resting on its 200 DMA.  In Nov 2010, the price touched its 200 DMA and rose back.  Let's see if the same will happen now.
• There is a previous consolidation area near today's closing price.  This is also acting as support.
• Momentum is improving, which is a good signal as well.
• The price rose above its 200 DMA in June 2010.  Falling below the 200 DMA is largely negative and if that happens, the stock price might then remain below 300 for some time.  

All posts related to Bharti Airtel

BHARTI AIRTEL Daily NSE Stock Chart Technical Analysis

SBI: Facing Resistance @ 200 DMA

SBI Daily NSE Stock Chart Technical Analysis:


SBI did a gap-up on 24th and remained rangebound on 25th.  The stock price has faced resistance from the 200 DMA on both these days.

Close & CMP: 2678

Market Outlook:

• The price has been in an overall bear run since November '10.  The announcement of the quarterly results on 24th Jan '11 led to a gap-up opening and rally.  However this seemed unsustainable on 25th.  Don't buy this stock yet, there may be further downside possible.
• २४ जनुअरी को रिजल्ट आने के कारण एस बी आई के भाव में काफी उछाल आया था, लेकिन २५ को फिर से भाव धीमा पड़ गया था.  अभी इस स्टॉक को न खरीदें, २-३ दिन रुक कर देखें, क्यूंकि यह अभी और नीचे भी जा सकता है.

Technical Indicators:

• The price has run into resistance from the 200 DMA at Rs 2694.  The price is trading under its 200 DMA after an entire year.
• Though there was a gap-up on 24th, it seems doubtful if that will be the beginning of a bull run.  Only if the price closes above the 200 DMA for the next couple of trading sessions and the force shows strength, we can think of it as an oncoming upswing.

SBI Daily NSE Stock Chart Technical Analysis