(BHARTIARTL), you can follow this structured approach:
Support Levels Recent Lows: Identify significant low points over the past few weeks or months. For example, if BHARTIARTL recently dipped to around ₹700, that could serve as a support level. Moving Averages: Check the 50-day and 200-day moving averages, as these can act as dynamic support levels. Previous Support Areas: Historical price levels where the stock has previously bounced back can also indicate potential support. Resistance Levels Recent Highs: Determine the highest points in recent trading sessions. If BHARTIARTL peaked at around ₹800, that could serve as a resistance level. Trend Lines: Draw trend lines connecting recent highs to visualize potential resistance. Psychological Levels: Round numbers like ₹750 or ₹850 often act as resistance. Example Analysis (Hypothetical) Support Level: ₹700 (recent low) Resistance Level: ₹800 (recent high)
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