Bharti Airtel - Head & Shoulders Pattern
Bharti Airtel after reaching 445 levels has fallen down along with the broader market & now has made a Head & Shoulders Pattern. Target for this pattern comes at around 320. This pattern would become invalid with a close above 380 (Full candlestick formation above 380)
Bharti Airtel 1 Year Daily Chart
Market Wisdom: Usually when Markets are in downtrend, Stocks breakdown & more often than not a bearish pattern like a Head & Shoulders plays out. Keep a close watch on the stock.
Update: The stock did go to 345 levels but recovered quickly. So in actuality the H&S dint pan out as expected.
