Bharti Airtel Rallies on 29th November 2024

Bharti Airtel stock saw a surge in prices. The rally was so good that entry was missed and the stock did not give any other entry.

Price was facing resistance at 1583. This level was tested three times in past few days. The open was below the support of 1559 taking the sell side liquidity. The target would have been 1608 that is close to 1600 round number. The candle closed too far from 1583 at 1591. The RRR based on the price action did not make sense and hence the entry was not made. The stock soared and crossed the target in next 30 minutes. For me, the trade was not there as the entry was missed. Afterwards, the prices rallied beautifully and gained more than 4% during the day.

Discipline and patience was tested today. Sometimes, we have to let trends go in front of us and stick to the trading rules.