Airtel soon taking off flight its a reversal
Point A - 25.1.2016 first bottom
Point B - 07.11.2016 Second bottom
Immense support @ 282 levels and a very small resistance at 330 levels
AIRTELPP trade ideas
Bullish on Bharti AirtelBharti Airtel could have completed a Flat pattern with wave c extension. I was expecting the up move to start at 333 in case of a regular flat (link attached). A move below the end of wave c would negate the setup and hence could be used as SL.
Short AirtelDo I need to see anything more ?
Broken all moving averages daily and weekly. Broken box range. Fundamentals are challenged. Tough times ahead for telecommunication industry. It should retest levels of 277 in days to come.
Bearish then bullish on Bharti AirtelAirtel seems to be tracing out a flat pattern. A lower breakout should start the final wave 5 of wave C of flat down, following which it should go up.
Bharti Airtel - Connects a "Double Bottom" signals a BUY
Double bottom and a positive hammer candlestick formation confirm buying at current levels. It signals a buy opportunity at minimum risk.
T1: 360
SL: 337
If it breaks support of 337 then it may go down to 328, keep a good watch
h&s trading strategy bharti airtel look week below 345 1 target 333.55, 2nd target 321.40, and 3rd target is304
buy bharti airtel with small risk bharti airtel buy levels 345-350 levels for the immediate target 380-390
Short Opportunity in Indian Stock Bharti Airtel Pvt. Ltd.Now market is on strong resistance zone....and we can see Bearish Divergence on this zone.
I'll take short position on next trading session.
Short @ : 350.88
Stop Loss:374.22
Take Profit :304.18
