Airtel
Cup with Handle & Morning Star Candle Pattern on Bharti AirtelIn 1 D time-frame, Airtel is forming a Cup with Handle pattern and at the closing time it formed a Morning Star. It is a sign of reversal.
Bharti Airtel - Is this the end of correctionAfter going through the chart if can be depicted that the correction is over and it may start an upward journey again.
In the chart a 'W' pattern can form, lets see if the analysis goes correct or not. If i am correct then we may see the price in uptrend.
If the next candle closes above 488 then go long with stop loss of 465.
Kruti Di Experiment 4 with AIRTELhighlighted area - 1st 2 volume was high but the movement was not sharp , another volume was comparatively very low , but the price movement was astronomical ! seemed to be a trap for bulls !
Can go the level of 483. will look for movement from there ! For now it is bearish !
INFRATEL - DESCENDING TRIANGLEINFRATEL - DESCENDING TRIANGLE
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
BHARTI AIRTEL EXHAUSTING MOMENTUMI have a Negative bias regarding Bharti-Intraday
Short Below 567 with target of 600
If Bharti gains momentum and sustains above 580 will look for oppurtunities in Long with 588 as target
No Trades if there is no movement on either side
Note-Pls consult your financial advisor before taking any Trades
BHARATHI AIRTEL - IN A ZONE AIRTEL in a zone .
1) If the price comes near weekly support , we can expect a bullish move .
2) If the stock opens gapup of the zone , wait for retest and if it sustainsabove that level with volume , go for long .
3) if the price gets rejected at or around 589.3 , take short position