(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)