🖊️ Bharti Airtel Weekly – Exhaustion Signals Emerging Near Channel Top

📊 1. Channel Top Resistance Holds Strong Bharti Airtel has maintained a disciplined uptrend within a well-defined rising channel. The recent high around ₹2046 was rejected right near the upper trendline, indicating resistance acting firmly. 📉 2. Bearish Divergences in Volume and Momentum Despite price hitting a new high: Chaikin Money Flow (CMF) shows a bearish divergence, making lower highs while price makes higher highs. RSI also displays bearish divergence, signalling slowing momentum. These divergences often precede trend pauses or corrections. 📌 3. Key Support to Watch The immediate support lies near ₹1805, marked by: Mid-channel support Previous consolidation base A breakdown below this could trigger profit-booking toward ₹1555, the lower boundary of the broader channel. 🧠 Technical Summary 📉 Bearish Divergence on CMF + RSI = Exhaustion signs 📍 Channel Resistance at ₹2046 holding firm 🧭 Support Zone: ₹1805–₹1555 🧨 Watch for breakdown or strong bounce confirmation 🔎 Conclusion “While the long-term structure remains bullish, momentum and volume indicators point to caution. Unless price breaks out with strength above ₹2046, the path of least resistance appears sideways to slightly lower.” 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.