In the previous session, the index saw a gap up opening in the morning and made a high near 17356 levels. The Nifty has witnessed a stellar move from the last 3 consecutive sessions and formed a strong Bullish candle on the weekly frame along with higher lows for the last six consecutive weeks. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

 Look at the below research report of ‘Stocks to Buy for –Tuesday, August 02, 2022’ before the market opens.

Bharti Airtel Ltd

NSE :BHARTIARTL   BSE :532454  Sector : Telecomm-Service

Bharti Airtel stock prices are moving in the form of a ‘Double Bottom Pattern’. Recently, stock has closed near the neckline of the pattern on the chart. Stock price broke the pattern resistance today, but failed to sustain above the neckline zone. Further breaking above previous day’s high will confirm the trend. In addition, a divergence appeared between the RSI and stock prices. Stock prices were moving towards downside and making lower lows whereas the RSI was showing a higher bottom. This pattern indicates that prices continue the uptrend after the correction.

In short, the trend for BHARTIARTL looks to be positive for now. Positions can be created only above 698 levels, which can take prices towards 725 levels. This outlook is valid as long as we do not see any closing below 677. If the price will sustain above 725 levels, then we will review this stock again.

Check More Analysis on BHARTIARTL at: Bharti Airtel Ltd