Are 3 Flags in a row = A Red Flag ? xD
Updated
Bharti Airtel has no plans of stopping right now. 3 Consecutive flag patterns.
If the same pattern occurs more than twice the stock is assumed to be extremely bullish/bearish depending on the pattern.
Another breakout & the stock will skyrocket again.
200 EMA is too far away.
Once ADX picks up we will have our breakout.
400-600. 50% move in 2 months.
Stock is breaking its all-time high when the market is falling more than 40%.
Bharti Airtel is the only competitor to Jio & telecom is a huge revenue-generating market in India.
Stock is long as long as its above 200 EMA.
Trade Carefully.
If the same pattern occurs more than twice the stock is assumed to be extremely bullish/bearish depending on the pattern.
Another breakout & the stock will skyrocket again.
200 EMA is too far away.
Once ADX picks up we will have our breakout.
400-600. 50% move in 2 months.
Stock is breaking its all-time high when the market is falling more than 40%.
Bharti Airtel is the only competitor to Jio & telecom is a huge revenue-generating market in India.
Stock is long as long as its above 200 EMA.
Trade Carefully.
Trade closed manually
Chart Update - Stock opened gap down and was falling throughout the day because of $1 Billion worth of shares sold by the parent company to sell its stake & closed exactly at our trend line and 200 EMA.This was an unexpected move which was driven by news hence our much-awaited breakout did not happen.
The Idea is no longer valid. Hence, the trade is closed manually.
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