TradingView
srikartiram
Mar 24, 2021 7:07 AM

BHARTIARTL | Can we call it as Cup & Handle formation?  Long

BHARTI AIRTEL LTDNSE

Description

BHARTIARTL | Can we call it as Cup & Handle formation?

CMP : 528
SL : 495
Target : 600

I'm going long based on,

1) RSI positive divergence with price consolidation last 11 trading days
2) My visualisation of Cup & Handle ( Although it is not formed yet)
3) Simple 1:3+ risk reward setup

Trade closed: stop reached

Trade closed: target reached

Comments
Umesh58
I don't think it's good for buy... If you want to buy it for long so wait for 480 levels, if you see any Reversal pattern near 480 than you can buy for long.
srikartiram
@Umesh58, True even i was expecting 480, but this sounded like a Cup & Handle reversal. Accepted the stoploss and exited !
Umesh58
sagarchaudhary025
@srikartiram, sir u should wait and plan to add more quantity at 480 and 440 IMO
srikartiram
@sagarchaudhary025, Yes sir thats the plan. I just negated this setup alone now. I'm holding AIRTEL from 385/- just averaged some more here and exited that new qty :)
sagarchaudhary025
@srikartiram,Yes sir good
Poison_1907
Don't think that it can be called one.
Priya_Kanmani
Good work.I don't understand how u r saying RSI as positive Divergence? I am a newbie to market,sorry if my question is wrong.
sagarchaudhary025
now?
Shanmuga_Sundaram_R
good work, yes it is.
More