Symmetric Triangle on Bharti Airtel and it may break either side but on this chart trend showing strength on bearish. So, the levels are mentioned accordingly.
Trade:
Short below - 413
Target 1 - 406
Target 2 - 400
Stop loss - 420
It is been observed on the daily chart that the price action is breaking above the previous resistance levels of 379 levels, indicating a strong move to upside.
Target: 388
Stoploss: 370
It is been observed that the price action is resting at strong support zone where we could see a strong buying coming in coming trading sessions. At current price levels, we could see a good rally up . Technically, MACD indicator is also reaching to oversold area which is another sign of a pull back.
Target 1: 350
Stoploss: 330
It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on.
Bharti Airtel: Target-380, 400 SL- 350
BEL: Target -1700 SL 1500
Yes Bank: T1- 1550 SL- 1440
HERO: T1- 3450 SL-...
The stock has formed an Inverted 3L-R pattern which can be used for shorting the stock at current price with SL 325.6 (closing basis) & target of 305 - 310. 3L-R is a relatively short term pattern
The stock has formed double bottom, gave breakout now retesting from above. One can enter long now with reasonable Stop loss. Pattern Target is 353.80 however there is resistance at 341.40 so let's see which one it achieves. Even for the lower target risk to reward ratio is good.
Bharti Airtel has been trading in down trend from couple of months and trading in a falling wedge pattern respecting support and resistance. today it has touched resistance and unable to make breakout upward, it is not looking strong enough to make breakout instead heading towards wedge support somewhere between 284-283. Traders may wait to retest of the...
NSE:BHARTIARTL Bharti has broken below wedge pattern on a daily chart and seems to be accelerating towards 283 levels. Keep a strict stop loss of 315 and trade. Markets are volatile due to US presidential elections and you may want to take the bet after the elections, below 300 levels.
The stock is in downtrend making lower lows. IT has given first reversal signal forming double bottom and also divergence at this level in MACD/RSI. One can enter the long trade now as the risk is low. How far it would go only time would tell but 325 seems quite reasonable expectation.
It is been observed that the price action breaks below 300 support levels on daily chart and now it shall move further down to the next support levels at 290 levels.
Target: 290
Stoploss: 325
