Bharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal.
ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
Airtel give Breakout above imp level of 900 on weekly TF
It continued showed it's upside momentum and Made high of 1220+
Long term investors got Good Returns from the stock
It may come for Pullback around imp Fibo levels
Keep in Radar
* For Education Purpose
Practice and Learn price action setups
Bharti Airtel consolidating since a long time in 1D and 1H time frame. It has consolidated near the trendline and near the previous close.
Take long position once it breaks the trendline take SL and Target as shown in the chart.
Bharti Airtel Cmp 753.30 , from last one year stock is consolidating in a channel , if it breaks can see good moves in next 3 to 6 months
Must be on your watchlist
Plz do your own analysis before take a trade
Airtel is in bull run but not generating huge returns. From March it has given 20% ROI and from NOV-22 it has given around 2% ROI.
expecting the stock to test 850-860 and can expect to follow same bull trend for next 6 months to give a 10% returns. But if the support get broken, then we can expect a 5% drawdown
BHARTI AIRTEL trading between strong Support and Resistance. An upward or downward moment can be captured, if any of the zone is broken. Keep Watching it.
Bharti Airtel Swing can be taken for following reasons :
1) Stock is in weekly demand
2) Daily Timeframe after long time has broken out of consolidation and has given pullback indicating Bullish momentum to the upside
3) Stock also has bullish structure on 4HR
All timeframes are in confluence of each other. This confluence are enough for us to take trade
1. Bearish Engulfing Pattern formed at Supply and Demand Zone.
2. Fib Retracement occurs perfectly at 50.0 Level.
3. EMA 365 and 150 acts as Support and Resistance at that zone.
4. Take Profit and Stop Loss levels perfectly mentioned with clear details on the Chart window.
BHARTI AIRTEL --Monthly Analysis-chart setup -- Bullish
1. BHARTI AIRTEL as seen on monthly chart having higher top higher bottom formation setup last 2-3 years after resistance breakout above 500 level
2. Current month candle seen taken support at lower bottom of channel following channel around 740-750 sub level and last few session seen good upmove .
3....
Airtel CMP 771- Price is at strong support if breakdown happens support will be around 678. Fall possibility is more in the coming days. Sell target-675,sl 800 . This analysis is just for educational purposes only.
How to Trade with Support & Resistance Levels
Always Try t buy Near Support Zone --- Airtel Support Zone - 765 - 780
Always Book Profit Near Resistance Zone --- Airtel Resistance Zone 860 -865
Exit From Stock if Any Candle Closes Below Support Zone - 765 - 780
Time Frame - Weekly
