Bharti Airtel forming a perfect wedge pattern

11 May 2020

The daily chart of Bharti Airtel shows a accumilation zone from 525 to 550. This zone is crucial, a break out on the upside can move the stock to upword of 600 which is the previous high. However the breakdown would mean the longs accumilated would soon close their positions and would take the stock downward of 500. Would be interesting to see what happens this week

12 May 2020

Not

The stock broke out upside as expected and is headed toward 600. This was a great trade.