Sunday, May 8, 2011

BHARTI AIRTEL

BHARTI AIRTEL EOD
BHARTI 30 MIN CHART

  After the breakout  Bharti is on a  pullback mode.  330-340 is a crucial zone for Bharti as 200 SMA,   trendline support and 61.8% Fibonacci retracement comes in this zone.


It needs careful watch and one can take a long call in this region as and when it comes closer to 325 -340 ranges  with an SL below 308.  We can see higher levels in mid term horizon.


Short term trend is still down  but the volume activity at the lower levels suggest that  we may see some kind of bottom formation /reversal in the coming days. 

Happy Trading !
SHEKHAR


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