TradingView
inteliigentrader
Sep 11, 2020 12:45 PM

High Probability Fibonacci Retracement Setup Education

BHARTI AIRTEL LTDNSE

Description

This educational idea shows how to use Fibonacci tool properly. It also shows how to achieve maximum probability while using the tool.

Comment

Selling climax is visible in Bharti Airtel. If next hourly candle is a bullish upthrust, then Bharti can reclaim 500 levels
Comments
Harsh_Kanchan
Your views for coming week.... Can it touch 550 and beyond
inteliigentrader
@Harsh_Kanchan, I am personally holding Airtel. The current price and volume analysis isn't showing any great news and it looks like no major institutional players are interested at the current price. 50%-61.8% for Airtel is at 460-485 levels. If I find any unusual volume activity followed by a strong bullish close, then I will average out. But looking at the current situation, Bharti Airtel has been falling since many sessions and many wicks are visible, suggesting supply at higher levels. Overall structure looks weak and will turn strong only when 507-512 levels are broken with volume. In the long run, it is a much better stock than VI and that is the reason why I am confident to hold it.
More