Bharti Airtel near Important Zone
Bharti Airtel Ltd - Chart Analysis Bharti Airtel near Important Zone (400-375) Daily Chart - If we see the daily chart, the stock is trading in ascending broadening wedge pattern from Nov 2018 to till date. Price is expecting to touch the trend line support near 400-410 range. If the price bounce by touching trend line support then we may expect the continuation of the pattern. And if the price break the 400 level the next demand zone may be 377- 360, 325-315 & 270-255. Weekly chart - If we see the weekly chart, the stock is trading in long term ascending broadening wedge pattern from Dec 2012 to till date. As per pattern price bounced multiple times from 260-250 demand zone. Also we see clear strong zone near 400-375 on chart. Regression Trend Channel (2SD) also shows Linear Regression Line point near 375. Price is already breaking 50 & 100 EMA and trading below it. Now the 200 EMA is 402.55 which may act as good support. NOTE - This is just my observation and not any