Bharti Airtel looks strong on weekly chart by breaking strong Horizontal trendline resistance which attempted by three hits on that earlier and breaking Bollinger upper band too and gives partial closing on above both on a very bearish and massive selling day yesterday but somehow it managed to do a close marginally on above mentioned parameters, one more thing that RSI indicator created a positive divergence too by breaking it's pervious resistance on it so that we can see coming bullishness in this counter. It is looking similar to triple top triple bottom pattern too.
Cause of long-:
1- Falling resistance breakout
2- Bollinger bands breakout.
3- RSI breakout.
Cause of long-:
1- Falling resistance breakout
2- Bollinger bands breakout.
3- RSI breakout.
Komen:
GOOD GAINS