I would look for shorting opportunities considering the huge rejection wick on the trend line, Please take trade according to the market direction and also wait for 1Hr or 30mins candle close for confirmation.
Please follow and support me for more such trades and do checkout my other chart analysis as well.
BHARTI AIRTEL
My fevorite Setup Box Break out.
Look Good For buying for 1-2 week Target 855-860.
After 835 we can trail our Stoploss
This is only for Educational purpose.
Taken Swing Trade on Triangle Pattern Breakout.
First Target 3% based on the body of the Triangle pattern and 2nd Target 6 % based on 1:2 Risk Reward Ratio.
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Chart Patterns insist me the above titled opinion
REASONS
1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel)
2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of...
Bharti Airtel is a very popular stock in the Telecommunication Sector, It has an average delivery% of 60%(last 1 year) and in a few days the big guns are taking delivery of it with more than 66% with increasing volume.
Technically speaking it is making a beautiful support at 760 levels.
I am planning for a long trade.
EXPIRY is 27th MAY
-1x 25MAY2023 760PE -...
Bharti airtel in weekly Time frame is consolidating in a range for the last 8 weeks. Also price is moving inside of 9th Jan weekly candle high & low and any side breakout and breakdown will be fast & furious. I would like to go long around 740-750 level which is breakout retest zone also with SL any day closing below 733. If i get entry near 740/750 then my...
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
if price is taking rejection from 780 level and making bearish view then you can short it.
if price is giving breakout with bullish candle then you can buy it .
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk...
Megaphone pattern is a continuation pattern which is formed When market is very volatile. For the valid megaphone pattern atleast 2 Higher High and 2 Lower Low should be present.
Bharti airtel is has a Trendline in 4H time frame if it breaks below we could see a good downmove.
consolidating in a range for 22 days then it fill the gap. now it is sustaining in small range for 2 days
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Consolidating past 12 days
Even the market fall has no impact on the stock
All sellers looks absorbed
Any break and pullback above the range initiates a buy
Sl can be kept below 760
Tgt expected around 820
kind of ascending triangle pattern . price take support from trendline
gap is pending in above side so it can fill the gap.
buy above 781 and target is 791 .
put your stop loss in logical place and follow your risk management .
as a day trader we have to prepared for both side so zone are marked for downside also
keep learning from your mistake.
do not overtrade guyss
![BHARTIARTL: [SWING TRADE] BHARTI AIRTEL 1D](https://s3.tradingview.com/y/yqNNVvTg_mid.png "[SWING TRADE] BHARTI AIRTEL 1D")
