Technical view by Nooresh |
| Financial Technologies collapses 10-15% . Bharti Airtel moving towards target Posted: 22 Jul 2013 01:11 AM PDT 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.
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
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 www.analyseindia.com ( For all our services ) Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech |
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