Bharti Airtel - Bullish Divergences Bharti Airtel seems to be in a strong bullish trend.
Post 21st December correction, it is taking strong trendline support along with hidden bullish divergences.
Price is making an upper low while RSI is making a lowe low.
Usually, these divergences play with a quick movement.
Current market price 501:
1) Strong support is at 490, if broken, stock can test 470-460 levels ( however, it seems unlikely that 490 will be broken)
2) target is 550-570 levels in near term future
Bhartiairtel
BHARTI AIRTEL TECHNICAL ANALYSISAs per the Technical Analysis Chart Pattern, BHARTI AIRTEL Share INTRADAY view.
The potential upside with the break out above 433.50. We can follow the strict Stop Loss of 429. It will only Buy After the breakout of the upper trend line which is acting as a resistance level.
Intraday Target can be taken as 439 as first and 445 as the second.
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BHARTIARTL looks bullish to me.NSE:BHARTIARTL
BHARTIARTL Looks BULLISH on Daily chart.
To me BHARTIARTL looks bullish on daily chart. But Why??? read below given Simple no brainer view.
Area of 547-587 looks like area of re-accumulation after hitting a new lifetime high.
Now today on 13/08/2020 candle form right below the area of re-accumulation which was mention above, but candle not managed to close near the low which most of retailers were thinking of but its close in the middle and now may be confused with current scenario and still hoping BHARTIARTL to fall.
But ask one question to your self a question if there was really a that good supply in stock why its not mange to close near the low even after giving a breakdown to string support of 547.
DM if want know the answer you were asking to yourself..
Stop Finding Candle Stick Patterns Or Chart patterns simply focus on Price And Volume Only. Chart will Show you the Pattern you are looking for.
If view went good I will be looking for buying BHARTIARTL above 547 with SL below 520 both closing basis only on daily chart. Will hold this for Short term if activated
Bhartiairtel on a Brink of FallIt's not easy for a strong momentum to break down. Stock upmove is emotional in psychology to the investors and positional traders. It is a pure distress if it fails to respect the hope and expectation.
A failure of the Point 1 accumulation in BHARTIAIRTEL would pull back the stock to a downward spiral.