Bharti Airtel Ltd. (BHARTIARTL) ForecastThe chart represents the 4-hour price movement of Bharti Airtel Ltd. on the NSE. Here is an analysis and summary:
Analysis:
1. Price Trend: The price has been making higher highs, indicating an upward trend.
2. Volume: The volume is relatively low despite the price making higher highs, suggesting potential weakness in the current uptrend.
3. Divergence Pattern: There appears to be a divergence pattern, which often signals a potential reversal.
4. Support and Resistance Levels:
- Resistance: The price has recently hit resistance around 1379.
- Support Levels: Multiple support levels are indicated at 1332.50, 1266.05, and 1217.15.
5. Possible Sell Signal: The combination of higher highs with low volume and a divergence pattern suggests a possible sell signal.
Forecasted Movement:
- Short-term: The price might experience a pullback or correction from the current levels. It is projected to first drop to the support at 1332.50.
- Medium-term: If it breaks the 1332.50 level, the next target would be around 1266.05.
- Long-term: A further decline could see the price reaching the 1217.15 support level.
Summary:
The chart indicates a possible bearish outlook for Bharti Airtel Ltd. due to the combination of higher highs with low volume and the divergence pattern. Key support levels to watch are at 1332.50, 1266.05, and 1217.15. If these levels are breached, it could confirm the downtrend and result in further price declines.
Bhartiartlsell
BHARTIARTL--@Trendline??This stock is now moving in a bearish channel.
now its time to look for bullish view...
price is now entering in a demand area..on topside we are facing with trendline as resistance...
Enter long side from the demand zone areas...wait for the price to tap into these demand areas for long continuation.
Rally base rally may be happens in this stock for continuation.
BHARTIARTL--Trendline breaks to reach Dzone??Observations:: NSE:BHARTIARTL
the stock is trending upwards.
the price is broken the previous resistance @790-795 range.
after breaking resistance price is slowly moving towards next resistance.
we have a trendline support as well.
The previous resistance acts as support, price will move upwards again.
we have next resistance@820-825 range. Price may reversal again from this Zone.
facing resistance @820 range price broken previous resistance@790-795 range,look for sell.
we have support @740 range, demand zone @760 range which may act as support again. Keep watch this levels.
BHARTIARTL SHORTThe indicators used on this chart suggests that BHARTIARTL will probably reverse after a strong bullish movement.
- MACD gives us a short signal
- ADX is 45.59 and after period of extended uptrend it seems that it curved down what may suggest a trend reversal which we can observe with current price action
We should wait for the price to break the support and retest it as resistance. Therefore the rejection at the resistance will be our entry price.
no financial advice