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rtfofficial1618
Mar 7, 2024 1:19 PM

HIGHER HIGH IN BHARTI AIRTEL Long

NSE:BHARTIARTL1W
BHARTI AIRTEL LTDNSE

Description

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Bharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.

Comment

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Start booking profits. A great trade in Bharti Airtel: almost 10% in less than 2 months!

Comment

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Or you can trail your stop loss at 1316

Trade closed: target reached

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Finally, target hit! You can book your positions.
Harmonic PatternsAB=CDstockmarketanalysisbhartiairtelswingtradingpriceactionanalysisharmonictradersabcdchartpattern
Comments
vineetsehgal4000
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Not sure about the harmonics but this is already 40% overvalued and nothing major has changed in the company since last year.
rtfofficial1618
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@vineetsehgal4000, you are right, but technical aspects are completely different from the fundamental aspects of a stock.
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