Bharti Airtel: Can Bharti make a good cup of tea??? 😉

4 thg 7, 2021

Bharti Airtel

Observations

- we are looking at monthly chart for Bharti Airtel

- since March 2021, the stock has not done much and is consolidating

- the stock is consolidating above the breakout green line and

- a Cup & Handle Pattern is still intact that has took 14 years in the making (a scotch would add value in that long period 😉)

Would that be the case for Bharti Airtel???
only time will tell...

- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)

Given the set up,

Consider buying in 2 tranches
- one at current levels and 2nd on further dips towards 496 / 480 levels

- target for the given set up 765 / 824

- set up provides Risk::reward ratio of 1::5

Time frame: Medium to long term

Best wishes & Take care...!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be