Level mention on chart stoploss 525 target mention on the chart
Near breakout point after long time of correction.
lower price is rejected as the pin bar was showing buyers are active, trend line break shows the confirmation. we can expect a upside move from here.
The daily chart is forming a "Cup and Handle" pattern. Wait till the pattern is complete. Once the stock starts closing above 560 level, it can move up to 620 / 660 / 700 levels initially. Get out if closes below 520.
One can go long if it breaks the upper trendline with strict SL and small qty. (for educational purpose only)
BHARTI AIRTEL EQUITY levels ...09/06/2021 (D candle)
A pullback and support from 200 EMA would strengthen the up move.
🔰 MY thought process : ⭐The easiest way to trade stock is to identify a good pattern at its good support lvls and resistance lvls ⭐Good breakout at supports of a descending triangle, consolidating for a while now gave a good impulsive move. ⭐Risk: SL - 515 ⭐ Targets are marked ⭐ Type: Swing and investment type :) 🔰Am I taking this trade now: No---Reason:...
Bharti Airtel CMP - 523 Stop - 499 on DCB Expectation - T1 - 575 T2 - 650, Review at 575 Expected Holding Period - 60 trading days or earlier for T1 Ideas being shared only for educational purpose
520 TO 530 IS THE GOOD LEVEL TO STOCK TO BUY IN THE LONG TERM PERSPECTIVE. THIS IS THE GOOD LEVEL YOU CAN BUY AND HOLD FOR LONG TERM
Monthly breakout of cup and handle after approx 13 years 300 point cup and handle so cup 519+300=819 possible educational purpose only
Bharti Airtel broke its support with huge volume .
BHARTIAIRTEL Analysis BHARTIAIRTEL Sell- Below 490 SL 510 Target- 475 440 420 Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like Us Share with fellow traders Also check the below related ideas for other stocks.
Date: 03 May 2021 Bharti Airtel is formed a Rounding Bottom Pattern