Bharti Airtel posted not so good result this time that resulted in free fall of the stock.it fell around 13% in quick succession.However its a leading telecom provider and it cant bite the dust so easily.it has become oversold and showing positive divergence on its chart,we should initiate buy on it but we should buy it on dips and in small quantities keeping a stop loss of 238 on closing basis with a target of 270-80 in short term.(refer below chart).
Nifty looking exhausted on chart and showing negative divergence if it does not cross convincingly 5400 then its bound to come down to 5100.we can trade nifty on selling it.
NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.
NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.
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