Bharti Airtel - Buyers Ringing (Oversold)

It is been observed that the price action is resting at strong support zone where we could see a strong buying coming in coming trading sessions. At current price levels, we could see a good rally up . Technically, MACD indicator is also reaching to oversold area which is another sign of a pull back.

Target 1: 350

Stoploss: 330
Trade active
Trade active
Trade active
Comment: Once it reach Target 1 then it shall Target 2: 360 levels. Regards
Trade closed: target reached: Target 1 reached, look forward for Target 2. Regards
Trade active: Now, it is on a way to target 360 levels
Comment: Breaking out from the downward trend line, big move ahead.

Comment: As said before, a big move ahead and here it comes

Follow up,

Comment: The big move getting bigger and bigger. Regards


@NeeteshJain, great choice and nice analysis. Technical indicators on weekly and monthly, except on daily counts, are looking favorable, though not as good as it should be. Also, it looks like one should wait till the daily MACD Line crosses over the signal line before taking any risk, as there looks possibility of retesting the level of 325.50 that the stock made during yesterday's trading. However, a fall below this and the breach of level of 305 may lead the stock either to get rebound from its previous double bottom made at the level of 282-283 or go further low.
Apart from these all, it should be noted that there is an indication of a positive divergence on hourly chart of the stock and possibly see higher levels than the target given by you. So, possibly before retesting of the previous day's low the stock may show a temporary rise to the targeted level or beyond that. Secondly, the stock may possibly open on higher note at or around the target price. This could be taken as an opportunity to go short with strict SL of 354 for targets near to 325 or below that. A chart in this regard and for your reference and for the reference of your followers, including me being one of them, has been shared below, please take a look.
At last, sharing the same platform with people like you gives immense pleasure. Regards!

+1 Reply
NeeteshJain sgor1980
@sgor1980, I'm impressed by your analysis and I have taken your analysis in consideration. I deeply appreciate your sharing and your feedback on the same. Thanks, Regards
+1 Reply
sgor1980 NeeteshJain
@NeeteshJain, thanks dear. I just did nothing but a further addition to your research and nothing more. actually i should rather thank you for letting me know the opportunity.
+2 Reply
NeeteshJain sgor1980
@sgor1980, I appreciate your generous words and wish you get the best out of this trade setup. Regards
+1 Reply
Trade-Wealth NeeteshJain
@NeeteshJain, Bhai. Nice one.
+2 Reply
Big move today. All the analysis are great.
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