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 Bharti Airtel

Airtel has been going down since it hit 620 in february. Clearly 620 seems to be major supply one for this one. But there is a window of opportunity at 520 with stoploss at 510, it might move to 620 with a little patience of course. 


Being in the middle of pandemic, I dont think Airtel which is one the huge beneficiary will go into free flow mode. But we need to have backup in case this thesis is wrong, hence stop loss at 510.

The target is 620 which is the supply zone or resistance.


Disclosure

I do own Airtel at the time of writing this article. I will add more at 520 with stl at 510. I may sell the stock at 620 or before it.

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