Right click on the chart and click on view image to see a magnified chart
The weekly chart of Bharti Airtel is showing an Inverted Head and Shoulders pattern as labelled by S1, Head and S2.This is a bottom reversal pattern and the target is 90 points from the breakout point which comes to 420. But in view of the resistance level as shown by the red horizontal line, Bharti Airtel is likely to at least touch 400 level.
Disclaimer: The views given in this blog are for educational purposes only. Readers should exercise personal discretion and take expert advice before taking any action in the stock market.The author of this blog is not responsible for any losses which anyone might incur in the stock market by acting on these views.
