BHARTIARTL trade ideas
Bhartiartl : Long Breaking of channel on 10th May and then Fibonacci retracement upto INR 548 on 9th June is self explanatory and clearly visible
in the chart.
Parallel channel between 7th June and 23th June clearly shows importance of 21 DEMA crossing 200 DEMA - 1st from below on 7th June
which led to increase price action and then from above on 23rd June which led to stock correction.
Therefore 200 DEMA is a major moving resistance for the stock price. Therefore
If 21 DEMA price is above 200 DEMA then 541 is the target to be expected
If 21 DEMA price continue to moves below then 520 is the level which is a strong support for the stock.
Note: I am long in the stock and i am expecting it to rise else will be accumulating more in case it goes down !!
Airtel - Potential BreakoutObservations :
1. Airtel has been moving downwards for a few weeks now.
2. It has tested and respected 200-EMA multiple times (more than 5 times) in such downfall
3. It is currently trading around 200-EMA
4. Volume dry up and loss of momentum can be seen, Usually it is followed by a spike in volumes and a super-move (either side)
5. After looking at candles and overall chart structure an Ascending Triangle with upper trend line + 200-EMA line can be formed. It indicates a higher probability of an UP MOVE in coming weeks
6. Along with 200-EMA, price has been respecting the Fibonacci Levels of 50% & 61.8% too. (For fibo - use weekly chart and draw fibo levels from inception of the up trend)
7. Multiple supports (demand zones) below CMP and probability of an up move after triangle breakout makes it a potential breakout candidate
Risk Reward Ratio is 2.5 times or more. (Expected Profit is 2.5 times more than expected loss)
Keep an eye on the price action. Ideal buy would be above 545/550 levels subject to high volume breakout.
Do you analysis.
Thanks
Bhartiairtel looking bulishIt's not a investment advise it's only for educational purpose please do your own research before invest.
Long BhartiairtelThis is not a investment advice it is only for educational purpose. please do your own research before invest
Bharti Airtel Head and Shoulder Bharti airtel has formed a perfect head and shoulder pattern in the daily time frame. On top to bottom analysis, it can be seen that it has got a rejection from the trendline on 5 min time frame.
Bharti Airtel came out of triangle on 1 DAirtel looks like will go for a breakout . Keep any eye.
Simple price action, no Jazz!
Bharti airtel break out the trendlineBharti is in breakout position with some good candles and volume and rsi also show some good momentum in uppercase let's watch and for breakout and targets are bow
Buy At 542 sl is 515 and targets are 1st 554 and 2nd 573 and final is 623
BHARTIARTL ready for breakout !???BHARTIARTL: formed asymmetrical triangle and price pushed to apex . Is it ready to go UP???
may be bharti airtel break lower level may be bharti airtel break lower level ....focus on marked level
BHARTI AIRTEL LTD Bearish on all time frameBHARTI AIRTEL LTD good for Futures short and can short once H&S neckline breakout
BHARTI AIRTEL WAVE ANALYSISwill bharti airtel reach 6600 within next 6 years???
Bharti airtel is in wave 2 double three running correction since from 2007,last part of correction will likely to end within feb 2022,then big wave 3 rally will start.
Airtel Breakout??A safer entry in the inner triangle breakout before the bigger triangle breakout. A SAFER STOP LOSS EXIT INCASE THE PLAN BACKFIRES.
View On Bharti Airtel Important Levels
Buy above 548
1st Near term target:572
2nd Target: 601
Final Target: 625
Stop Loss Level: 508-518
