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Bharti Airtel break down

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 9, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Bharti break down @ 280 and close @ 274.4
    I think it is safe play to short below 280 with stoploss of 285
    if break down below 260-255 then panic selling will come.
     
    sanjay_sansanwal, Aug 9, 2012
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  2. sujan4bw

    sujan4bw Member

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    Hi ,

    Break down in Bhartiartl took place on 25th-July itself. We can see M Pattern in the chart. I'd Highlighted in Blue color in attached chart.

    Regards
    Sujan
     

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    sujan4bw, Aug 9, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    u r absolutely right but I am talking talking about major support break down.
     
    sanjay_sansanwal, Aug 9, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Perfect :D
     
    shabbir, Aug 9, 2012
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I have missed the safe call of airtel break down 274 to 260 because of ajanta pharma confusion but it has taken the support of 260 very strongly in weak market also.
    Can we play the counter on this script like buy @ 260-263 with stoploss of 255. I know that is not ur strategy but i need ur veiws.
     
    Last edited: Jan 10, 2014
    sanjay_sansanwal, Aug 9, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    No there is nothing like that Sanjay but when you are betting against the trend, you have to keep a very strict stop loss.

    I do trade against the trend but don't recommend that very often. See http://shabbir.in/trade-against-market-trend/
     
    shabbir, Aug 9, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Thanks shabbir.
     
    sanjay_sansanwal, Aug 9, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine Sanjay
     
    shabbir, Aug 9, 2012
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