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Friday 1 February 2013

Bharti Airtel - Update (Consolidation example)

I posted yesterday that Bharti Airtel was weak below 346.7. The stock consolidated exactly at that level which was the daily pivot and broke down. Consolidation breakdown is a powerful pattern and the stock crashed and ended 1.4% down. The downtrend is likely to continue tomorrow as well. See the chart for more details, refer original post here

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