August 05, 2015
Bharti Airtel (NSE Cash)
422 - 425
14 - 21 sessions
Source: Falcon (Chart Time: 10:45 IST)
As seen in above charts, the stock has given breakdown from a ‘Rising Wedge’ pattern on daily charts. The mentioned
pattern is a trend reversal pattern and formation of the same after an upmove indicates that the stock could correct in
near term. Prices in last few trading sessions have shown a minor pullback and are resisting near the support broken.
The resistance also coincides with the 50% retracement level of the recent corrective move.
we advise traders
to sell this stock from current level and on bounce up to
425 for a target of
396 in coming 14 to 21 trading
sessions. The stop loss for this trade set up can be kept at
August 05, 2015
Last 9 recommendations
Recom. Buying/Selling Range CMP
107 - 106
Revise SL to 107
1009 - 1003
570 - 566
287 - 289
702 - 698
250 - 248
Revise SL to 259
136 - 134
Revised SL to 138
576 - 573
Source: Angel Research
Research Team Tel: 022 - 30940000(Extn: 6552) Website:
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