bharti airtel how to trade/ since 7 weeks it is trading in a range between 450 to 392. On march 7th and this month 20th it made low of 392. March 7t swing low ended at 429 and again it corrected to 392. on 20th it started the move from same 392 yesterday made an high of 418 . closed at the open level. so monday How to take trade?
Monday will be interesting price action for bhrti. Now it has made double bottom at 392 l and trying to go up, suppose if it trades above and breaks above 418.9 , then chances of going upto 425 and 429 is there. suppose if it breaks below 405 double bottom becomes invalid. Hrly chart it has taken support around 406. so keeping stoploss of 406 one cans take position if it breaks this level chances of going up is remote. doji will give good signal to trade accordingly