Saturday, January 2, 2010

Bharti Airtel Views!!!

I had posted something about Bharti Airtel in this post ( I still hold on to these views) , since then I have traded it thrice on the long side (still long on the third trade) and have been moderately profitable.







The chart above is the daily, with a nice CNH in the making. There is an immediate resistance at 330 odd levels (by the virtue of 200 EMA on the weekly), above this we have the 355/57, where the 200 EMA and 38.2% fib coexist! Above this I am expecting 400+ on this one.



Speaking of the flip side; any close below 310 will have me worried!



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