Technical Analysis of Indian Equities 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 www.analyseindia.com )

 

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

 

Nooresh Merani

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Article by Nooresh Merani

Nooresh has written 2581 articles.

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