vyas1394

bharati airtel for 08/06/2021

NSE:BHARTIARTL   BHARTI AIRTEL LTD
NSE:BHARTIARTL
Formed double bottom at 520 levels after a huge fall(hint for trend reversal)
currently moving up respecting the marked trendline.
today the stock broke the previous high of 535.7 and made a new high. It faced profit booking later and it is now currently testing the previous high 2nd time(535.7)
Currently, the price is at good value and I will consider entering tomorrow with 5min close above 538.5 only with a gap up open.
If it opens flat it may go down as well. I am Planning to enter only with gap up open.
Comment: what a rally:-)

Comments

hey ...are you still bullish? as today, market correct about 0.70%... and Airtel too lost almost 12 points on DCB. what's your view now? idk when will it out of short sellers' trap. ...
Reply
vyas1394 newbieintrading
@newbieintrading, are you holding any positions in airtel?
Reply
vyas1394 vyas1394
@vyas1394, i exited at 547.5 since that was the target for double bottom pattern
Reply
unfortunately... yes
Reply
vyas1394 newbieintrading
Reply
vyas1394 newbieintrading
@newbieintrading, I dont know about your entry price or anything. If you are holding positions then may be you can keep a strong 15min close below 534 as SL and hold. I donno its up to you. I just said about an SL that is below trendline and below previous swing low
Reply
@vyas1394 actually i have 550CE bought @ 9.10... when spot price was 536 levels, i have set a stop loss at 8.20, although 550CE is full of call writers (actually all ce is full of)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter