BHARTIARTL trade ideas
BHRTIAIRTEL HONEYMOON OVER.. LOOKING BEARISHDISCLAIMER :-
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Long BHARTIARTLTechnical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
Long BHARTIARTL above 521 SL: 503 TGT: 531
Bharti Airtel - Hourly ChartRecently BhartiArtl has created double top and then fall drastically to 330 level. Stock recovered almost 70.7% from 330 level and again showing weakness.
From the top, Stock is in wave (C) of zigzag pattern and expecting the 100% retracement of wave (A) which is coming near 310 level. Risk and Reward ratio is also very good. EMA (34) will act as trailing stop loss (current SL --> 369). Risk to reward ratio is 1 : 3.8.