BHARTIARTL trade ideas
Bharti Airtel Chart Analysis Bharti Airtel rounded top formation completed and but got support from the 400
First perspective
According to the analysis
1, It got support from 400, that is very strong support zone (360-400)
you can check monthly and weekly time frame to get an idea
2, Break down of this support zone, will leads to 275 target then 225 will hit (note: will take more than 6 months to hit the final target) (Higher chance)
3,next week is very crucial for bharti Airtel, weekly close above 420 will leads to min target of 500.
Second perspective
1, Bullish engulfing and follow up bullish candle, suggest short term bullish view. that to match with the 3rd point of first perspective
2, Formation of inverted cup and handle, handle will ends in 0.382 or .500 of cup height ie, 500 & 520 (Short term - most possible one)
so short term bullish, Potential reversal zone 500 or 520.
3, Short from 520 will hit 400. then 2nd point of first perspective
Third perspective
1, It will retrace up to .786 of cup height (Fib ret) and then start down move to 400
2, very weak one, move to hit 600 again to form double top and then start down move
3, very less chance, breakup of 600 to make new high
Bharti Airtel - Intraday Trade SetupBharti Airtel CMP - 602.65
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets
Sell at or Below 600 ONLY / Stop Loss 607
Target 1 - 595
Target 2 - 590
Target 3 - 585
Disclaimer: This is my view and for educational purpose only.
BHARTI AIRTEL - Cup & Handle Breakout - Swing TradeThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Intraday & Short Term swing Traders can also take advantage of above study as well
Trade Strategy is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
BHARTI AIRTEL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY ONLY ON RETEST
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts - NOT ACTIVE IN THIS CHART.
2) TE-REKAB - PROPRIETARY INDICATOR
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!