Technical Analysis Bharti Airtel.

The stock

is currently trading around 1870.90. After a strong rally that peaked near the 2160–2200 zone late last year the stock entered a clear downtrend. However it recently found some buying interest and is attempting a short-term recovery. Immediate Support the stock recently bounced from the 1760–1800 zone. This is a crucial area. As long as the price stays above this the short-term recovery is intact. Major Support if the 1760 level breaks the next major historical support sits much lower around the 1600–1640 mark. Immediate Resistance for this bounce to turn into a solid trend reversal the stock needs to break and hold above the 1960–2000 zone. Major resistance the all-time high area around 2160–2200 remains the ultimate target for a long-term bullish trend. Bullish Sign if it continues to form higher highs and breaks past the 1960 resistance with good volume it signals strength. Bearish sign if this current bounce loses steam and the price falls below the recent 1760 support it would indicate that the broader downtrend is resuming. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.