Airtel
Analysis of Bharti AirtelBharti Airtel – CMP - ₹574.7 – Dt. – 12-07-2020
The stock has made the Ascending Triangle pattern and can give a good amount of return if it gives close above ₹587.2 for 2 consecutive days and 2nd resistance level is placed at ₹603.7 and after that ₹612 which is an all-time high.
Airtel Wedge Pattern, will it break out and test ATH ?As we can see in the chart Bharti Airtel has been in the consolidation range insides the wedge for a long time now, one should wait for the break out above or below the wedge pattern, most probably break out can be expected above. For any break out above ₹560 should be strict STOPLOSS.
First, the target will be around ₹600-₹605 regions.
BHARTI AIRTEL LONG TERM ANALYSISThe Chart has broken out from CUP pattern hence support level 1 at 500 will act as strong support for the scrip.
In short term chart, there is Support level 2 as well which is also forming a continuation triangle pattern.
The Long term target is 740 and it should reach there till March 2021.
Currently stock is trading at 560.
Put your stop loss at 550 and 500.
Risk is for 10% (560-500/560)
Target percentage is 32% ( 740-560/560)
**Analysis is purely my view, please invest on your own risk **
airtel rsi divergenceNSE:BHARTIARTL
there is divegence in the airtel and i want to know weather this divergence is hidden or bullish or bearish every body see and let me know ,,,,my view on this is bullish and hidden divergence is occured the price is on correction and has still more potential to go up unless any news impact on this