BHARTI AIRTEL 1hr.. Symmetrical triangle

NSE:BHARTIARTL60

BHARTI AIRTEL LTDNSE

Description

⋅ Oct 6, 2020 6:52 PM

Symmetrical triangle pattern.. Price is contracting..Wait for the breakout and trade..
(Just for educational purpose)

Comment

⋅ Oct 8, 2020 5:01 AM

Breakout and flying !! Beauty of price action.. Stock is up 3% in just 15 mins..

Comments

vmarkan

⋅ Oct 7, 2020 11:10 AM

i am holding some qty at 432 , as per your analysis it gave a breakout below.
shall I hold or sell

samabishek0611

⋅ Oct 7, 2020 11:17 AM

@vmarkan93 Hi.. It hasn’t broken down below actually.. At the bottom of the pattern now.. Keep sl at 420.. Just my view.. Please do your own analysis as well

vmarkan

⋅ Oct 7, 2020 11:26 AM

@samabishek0611, ok, I hope today will be last gap-filling day

Sidharth_Kr_Jain

⋅ Oct 7, 2020 11:35 AM

Expecting 408/410 for a good bounce from there if breaks 421 tomorrow morning

vmarkan

⋅ Oct 7, 2020 11:37 AM

@Sidharth_Kr_Jain, long term is safe na ?

Sidharth_Kr_Jain

⋅ Oct 11, 2020 9:04 AM

@vmarkan93, Certainly not. It could bounce above 467 once (23.6% retracement of 612 to 416) and may be 10-20 bucks more but medium term like 3-4 months will hit 52 Week low too. Below 250 possibly in Feb, 2021

vmarkan

⋅ Oct 8, 2020 5:18 AM

@Sidharth_Kr_Jain, it broke 421 just take bulls with sl....hahah