Telecom
Bharti Airtel - Rectangle bottom patternBharti Airtel testing the rectangle resistance line @ 380 where a lot of supply is currently visible in the rectangle bottom pattern formation
A cup n handle formation within the horizontal rectangle Bottom pattern is visible.
A Close above this resistance line would signify an upward breakout. High volumes expected.
Trading strategy :
Buy above 382
Target price : 420
Stop loss 363
Happy trading.
TI - SHORTi see some technical reasons to short this stocks.
Risk is to short to defensive companies as telecoms.
