During this fall few companies like Airtel are at good levels to accumulate for positional trades. At 410/415 Airtel will see some strong support on 5min as well as hourly HA Charts and from that level can reverse as you can see yesterdays low..
Anyone considering buying BHARTIARTL may consider the same if sustaining above 441.65 on 5min charts for target of 453.25 followed by 464.45 and 484.25.
If someone wishes to enter the long position in aggressive way then may consider at or above CMP (422) if sustains on 5min charts. However, it would be prudent to book and keep trailing your positions around given levels.
Further, on short side below 410.50 only selling should be considered for target of 403.15 followed by 392.75 and 375.85. However, if someone wants to take aggressive short then can consider taking short position at or below 415, if sustains on 5min charts.
Will share the trade idea for all segments (FnO and Cash) in BHARTIARTL at request only.
p.s. –. My personal view is range bound on Airtel purely due to uncertainity and volatility in the market but will trade as per my given levels only. Please trade as per your comfort and risk. These levels have derived by analyzing Options data and spot price movement.