Hello everyone, Bharti is showing all the signs to enter the bear market.
850 was a strong support which also happens to be the 200 DMA for Bharti, so it did bounce from that level a few days back but the bounce has been like a Dead cat bounce, so expect Bharti to fall below 200 Dma and remain there.
Though technically we should be buying near 200 DMA so anyone holding bharti can hold it with a stoploss of 820 below which it is a absolute sell.
Well one more bull market warrior is ready to bite the dust after infosys, tcs, maruti, m&m , cipla, ambuja i wonder how far is the end of this dream run now