NSE: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
MACD is showing a negative crossover in the chart, just short it guys do not believe in the news just belive in charts. Keep a strict stop loss on 575, and book your profit in between 540 and 530.
- Bharti Airtel did nice run up in last few weeks.
- Formed an uptrend Channel & Currently forming H&S Pattern in uptrend Channel.
- Breakdown from the uptrend channel & neckline of H&S pattern will lead it to dump towards 400-430 range.
Key Levels for VODAFONE IDEA : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10.75
FIRST TARGET~11.95
INTERIM RESISTANCE~12.65
FINAL RESISTANCE~13.60
LOWER BREAKOUT~9.05
FIRST TARGET~8.10
INTERIM SUPPORT~7.25
FINAL SUPPORT~6.25
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
1) Bullish flag pattern on daily chart
2) RSI above 50
3) Golden cross over of Moving Averages still continuing
But there is an indecisive candle at the end, may be selling pressure for profit booking?
*Better to accumulate now or at dips.
** Open for constructive criticism
Reversing from strong resistance and given a breakout of trend line.
Currently at 550 level and already trend line breakout yesterday.
incase if market trend is negative, can go for short on this. 550 to 540/530/520 levels
Add to watch list.
If Price above 577 sustained momentum will lead the price to reach the target of 582/591 with sl of 556
If Price sustained below 553 will lead to attain the target of 549/535 with sl of 577
**Educational purpose only
Airtel recently broke its 10 year range
After brekout it has formed a flag pattern in lower time frame
Can take a trade once the flag breakout is happened
Bharti Airtel : Dips can be a good buying opportunity.
Wave-5 still pending which should go around 625 - 630 levels..
Lets not hurry. Wait for proper buying signal before entering.
