Technical view by Nooresh

Financial Technologies collapses 10-15% . Bharti Airtel moving towards target

Last week had mentioned about an impending breakdown in Financial Technologies – Post  towards 600 quickly.


This the chart now which still looks weak and can go further down but a move from 690-700 to 600 is a big trade in 4-5 sessions. The stock can even end up at 500-550.


Financail Tech Falls


Similarly a triangle breakout is confirmed in Bharti Airtel – post and the stock has moved from 308-310 to 330-335 levels making the minimum upside and should head up towards 345/360 soon.


This is the chart now


Bharti - Airtel - Triangle Breakout


Disclosure: Continue to remain long on Bharti Airtel as advised. Financial Technology the trade has been closed for clients.


( For services check )


Tech Mahindra has also confirmed the breakout above 1130 with the current move to 1170. Remains a buy on dips.


Nooresh Merani   ( For all our services )

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