Hi Investors/traders. In my previous post on bharti airtel , I showed a red buy zone in fig. where I shared investors and traders can entry if not taken out.You can see a pink circle candle took support and in later move, this zone was tested and traveled to red dotted zone. If this hurdle is taken out then you can see prize visiting to white box very soon. On the contrary If dotted red line does not fulfill the condition of taken out then price will be range bound between red zone and this dotted line. If in next trading session price open gap up and sustains here at least one hr then longs will become comfortable. Investor should have bought 50 % of his/her capacity at zone . I will be bearish on this stock if buy zone is taken out. where stock price is standing this is right time for stock to go down if do not then target of box for traders. Investor stay till it reaches to 800 in coming months.Right now structure is good . when it will change I will update you. Til then buy on dips. Rest market is supreme.
Thanks for the analysis. While I can't interpret charges, can you please provide what is the entry point and exit points for novice traders. Like Entry at 580 , Target 620 , SL 560. or trade only above 590 for target at 620. This would help relate the chart better for who doesn't understand the nitty gritty. I have been following your post and your analysis are very nice. Thank you for sharing your knowledge with the community
yvatsji
⋅
@bwbcpe, thanks for appericiation. See I do not spoon feed like others. I want you to stand your own. Put your hard work to understand chart and take out you entry sl and exit. I make everything on chart. You just have to see.
rajiv_n
⋅
@yvatsji, Thanks, I am not an expert on charts and will take this opportunity to learn about it. I thought for traders who doesn't have a fair idea of charts, we can interpret it wrongly. So, that was for a suggestion if you can add that would be helpful for others like me. Thank you very much for responding and I see you are quite active in helping others with your detail analysis. Really and truly appreciate it