Get started

Airtel

Bharti Airtel - Bearish Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance. Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises. This is just a short-term trade, in fact, I'm super bullish on Bharti Airtel for the long term.
NSE:BHARTIARTLShort
by tanaynaff15
TRADE PULLBACKS LIKE A PROAn Uptrending stock gives many opportunities to enter in it. But...we miss many of them assuming it as a reversal or before we enter the stock moves much higher again and Risk/Reward ratio is unfavourable for our trade. Here I am with another tried and tested strategy to find whether it's a pullback or trend reversal and the most IMPORTANT...enter before the stock moves much higher. So let's discuss Step by Step from STOCK SELECTION to ENTRY,STOPLOSS,EXIT. I will also be discussing about the candlestick patterns and indicators for better accuracy. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1.STOCK SELECTION: .Broader market has to be in a uptrend (BULL MARKET) .The stock should be from an uptrending sector .The stock has to be in a STAGE 2 uptrending structure to QUALIFY as a stock for pullback. For detail explanation of STAGES I have linked a post below: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 2.MOMENTUM INDICATORS .RSI-- It has to be above 50 to increase the accuracy of the trade .EMA 50--Slope of EMA 50 has to be positive .MOMENTUM--If it is positive then it's icing on the cake .ADX--While the stock is falling ADX should also fall to give a shade better trade. .VOLUME--Should be low when the stock is falling as compared to Going up Keeping things simple : IF THE STOCK QUALIFIES ALL THE ABOVE CRITERIA OF SELECTION AND INDICATORS THEN IT IS NOT A TREND REVERSAL -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 3.CANDLESTICK PATTERNS .Low body red candles are a very good sign .Long wick rejection from the bottom .Very less big body red candle (NOT MORE THAN 2) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 4.ENTRY The most important part of pullback trading is to enter before the stock moves very high and also not wait for months for it to move. STEP-1: Mark the candle of previous high as '0' in daily time frame. STEP-2:Keep counting the candles from 1-20 as shown in the below figure: (MIN 8 has to be there) STEP-3: Now when the count is completed mark the lowest price of the stock within the pullback range as 'PIVOT' STEP-4:Now switch the chart to 1hr time frame as shown on the chart of HDFC Ltd. NOTE: Candle 0's high has to be the high within these candles (MIN 8)...if not then this strategy might not work well. STEP 5:Draw a stage structure (BASE) and our entry will be the breakout of this range (50%) and pullback to this STAGE (50%) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 5.STOPLOSS AND EXIT STOPLOSS: The pivot point will be our stoploss EXIT: After the stock has broken out of the stage EXIT after 20 counts (It sounds theoritical and funny...but it do works most of the time Look at the EXAMPLE OF RELIANCE with the concepts mentioned above: You can also see the EXAMPLE OF AIRTEL's previous pullback -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NOTE: Like all other strategies even this strategy is not 100% accurate. I hope you liked this strategy of pullback trading and it might increase your chances to make profits in the market.If you have any doubts do let me know in the comment section below. I will be posting a lot more strategies for trading/risk management in this channel ahead. FOLLOW this channel to stay updated as soon as I upload it. Till then, HAPPY TRADING :)
NSE:BHARTIARTLEducation
by keshevdugar
16
Simple Trade Setup | BHARTIARTL | 22-10-2021 [ INTRADAY]NSE:BHARTIARTL Observations: 1) On 1 day time frame,it closed just below 21DMA. If we apply Fib retracement for recent uptrend, then we can see that major support is at 687.90 level and major resistance is at 712.85 level range. Today's daily candle look bearish. If tomorrow it trades below today's low then it will invite more profit booking. Please refer below chart : 1day Time Frame. 2) On 1hr time frame we can see that it came back and trading in the parallel channel again. Today it broke the middle trendline of it and closed below it. It has chance to bounce back from the bottom trendline of parallel channel. If it trades above middle trendline then it can move up till the upper trendline which will work as resistance at this moment. Sustainable breakout of upper trendline will make it bullish again. Sustainable breakdown of bottom trendline will make it bearish again. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 22-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BHARTIARTL
by Trading_hawk
Bharti Airtel - Long trade - SL 680 Bharti Airtel, unlike its nature, is stuck in a very narrow range. If it had to go down, it would have happened by now. But the fact that it is holding its upper levels is a very positive sign for the bulls. Plus, it's available at a very attractive RR, 680 should be the stops, and targets should minimum be a new high. Watch for its price action early next week to take positions in this stock. Disclaimer- I have long positions in this stock, please consider your risk and reward. Bharti Airtel tends to make very volatile moves.
NSE:BHARTIARTLLong
by tanaynaff15