Bharti Airtel Looks strong
Reasons/Traits :
• Harmonic pattern gets activated once 708 level is sustained to form a bullish bat or crab pattern
• Price closed today above 13 EMA
• Price took support @ 0.382 fib retracements levels from higher high and closed above 0.236 today
• RSI and volume increasing
What can happen next :
Scenario 1 : Price sustaining above 710 can take it to 720/740/760/780/800 levels
Scenario 2 : Price break down below 675 levels can take it down to 650/640/620/600/580 levels
(right issue can lead to revision in prices, need to see)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Reasons/Traits :
• Harmonic pattern gets activated once 708 level is sustained to form a bullish bat or crab pattern
• Price closed today above 13 EMA
• Price took support @ 0.382 fib retracements levels from higher high and closed above 0.236 today
• RSI and volume increasing
What can happen next :
Scenario 1 : Price sustaining above 710 can take it to 720/740/760/780/800 levels
Scenario 2 : Price break down below 675 levels can take it down to 650/640/620/600/580 levels
(right issue can lead to revision in prices, need to see)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Comment:
Its moving as per trend line, high today 745..and also completed Bullish bat pattern...need to see if it respects crab pattern..
Comment:
780 hit, strong movement with trend line