Bharti Airtel has been consolidating for a longtime also that is a good fibo level,from here it can give a good upside breakout,as we can see buyers are coming which can be seen in the last candle.
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I had Sold 540 OTM CE and Bought 530 ATM CE, RTR 1:1.4, Price didn't go as per analysis but selling this call reduced the risk. One can expect it to go to the nearest peak and take support that is near 490