Hii Everyone, I back with another analysis of Bhartiairtel. I am expecting a up move in coming days for following reasons :-
1. Near strong weekly Support ( yellow bar).
2. Follows same inverted round bottom format twice.
3. Corrected very much and with a high pace, so a pull back is expected.
4. Risk to reward is good here.
HEROMOTO has formed a higher high with rsi didnt make a new high or test the previous high
a break above or below the triangle can result is a trending move
HEAVY BUYING IN METAL STOCKS ON LAST HOUR SHOWS SOME GOOD UPMOVE IN COMING DAYS
CLEAR BUYING SIGNAL ON DAILY AS WELL AS HOURLY CHART
TGTS IN COMING DAYS CAN BE AROUND 220 AREA
Long term portfolio holder might get a chance to exit at around 1020. Best to short at any level above 1000, SL 1100. I know that's a deep SL but if trade goes in favor then a good risk to reward.
If neckline broken at 690 then T1 = 500, T2 = 340.
I am not an advisor or a consultant. This is just for purely educational and a future reference purpose.
Bearish Flag Formation In Bank Nifty for Next Week
If Negate The formation then Bullish for Targets of 23900 and 24200
If Forms then Bearish targets of 23000 and 22800
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of...
Ascending chart pattern is a type of Triangle chart patterns . Ascending chart pattern is formed when price has a resistance and is forming continuous higher lows. Adequate buy or short area would be after the price gives a breakout .Ascending pattern you can short or buy as well . Wait for the price to give a breakout and enter in which ever direction the...
We can see a pull back in BHARTIARTL from current level, Risk-Reward is favoring at current level. 450-480 level is possible from current level, wait for trend reversal, on 15min time frame it has made higher however is has to sustain above 410-420 range to be in short-term uptrend.
