BHARTI AIRTELAIRTEL - seems to be forming an ending diagonal pattern suggesting a reversal in the trend (short-medium term). Overall the stock is in a long term bullish cycle but a correction (Wave 2) is possible towards 700.
This is only an idea based on the Elliott Wave Theory. Manage any trade/Investment at your own risk.
BHARTIARTL trade ideas
SWING BUY OPPORTUNITY in BHARTI AIRTELRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Bhartiartl - Weekly ViewBhartiartl - Elliott Wave Count
On the weekly charts, Bhartiartl displays a clear Wolfe Wave formation, indicating that the market is likely to undergo a significant correction toward the 720 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 950, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:BHARTIARTL BSE:AIRTELPP NSE:BHARTIARTL1!
Bhartiartl - Wave CountBhartiartl - Elliott wave analysis
Bhartiartl is expected to experience a price decline soon, so be cautious with long positions.
However, there may be a slight upward movement prior to the decline. Approach trading with caution.
NSE:BHARTIARTL BSE:BHARTIA NSE:BHARTIARTL1! BSE:BHRT1!
THIS IS BHARTI AIRTEL IDEA FOR TRADINGAs we can see stock is trading above 50ema and making hammer candles with good volume.
from ATH and rsi divergence stock correct almost 5%
And Doji candle on 8th Dec after a downtrend ends and the next candle formed is a hammer candlestick. which is indicating a bullish reversal, Singh.
Bharti Airtel Ties Up with Meta, STC to Bring World's Longest Subsea Cable to India. (07-12-2022)
The chart mentions a good support level and entry point, so plan accordingly.
if you are a value buyer wait for more cuts till S1 and S2. otherwise, you can enter with strict SL which is mentioned on the chart.
GOOD STOCK FOR THE LONG RUN ALL THE BEST!
indicators
HV=14
RSI=52
educational purpose only!
BHARTIARTLNSE:BHARTIARTL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose