Bharti Airtel Ltd. - Breakout Opportunity

Date: 15-Dec-2024
LTP: Rs. 1,681.75
Targets: (T1) Rs. 1,779 --> (T2) Rs. 1,944
SL: Rs. 1,511

Technical View:
• BHARTIARTL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching a lifetime high of 1,779 on 26-Sep-2024, it has retraced 15% to 1,511 level.
• BHARTIARTL has breakout from it's secondary downtrend on 13-Dec-2024 with higher than average volume.
• BHARTIARTL has closed above 20 DEMA and 50 DEMA on 12-Dec-2024 and currently trading above 20 DEMA and 50 DEMA.
• RSI is in buy zone and trading at 63.85. MACD has given bullish crossover on 13-Dec-2024 and trading at 5.19
• Looking strong to start a new swing from here.

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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.