Descending channel in AirtelNotes:
Airtel has been playing around the support zones for quite some days now. Expect a decent breakdown if it closes below 520. Aggressive traders might also make use of the break below 524 since its a really strong level for the scrip.
Can only confirm an upward break if it crosses the previous swing high,
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Airtel
AIRTEL 📞📞Cup & Handle retest done in monthly
Descending triangle in hourly
Retracement towards 200MA in 2hrs
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Bharti AirtelRs 300,000 Cr Mcap
Both the non JIO players have returned -8% this year.
Interesting Wave like stock chart pattern.
With literally no pricing power and huge Capex every decade, wonder when will this industry make any decent profits.
Rs 520 seem to be holding the Fort, once that gives away...its will be a lost signal.
AIRTEL- TIME FOR ACTION:{#73 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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BHARTI AIRTEL Ltd :)DATE: 18/06/2021.
Bharti airtel has clear rsi bullish divergence in 1 HOUR time frame and also
in 1D time frame it forms clear long wick hammer represents buyers took charge ,
if it breaks 542 it will go up near 563, if not it'll went down because in 1D TIMEFRAME it forms head and shoulder pattern ...
buy at 543
stoploss at 533(1.9%)
target at 563(3.7%)...
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90% market will be on Sell side. 514 Breaks then go for sell.
This Trade idea is for 01.04.2021
If Breaks 523 level then go for buy.
If Breaks 514 level then go for sell
90% market will be opening sell side.
Entry points marked in yellow
NOTE: For perfect entry watch it on 5 Min candle.
For Safe Trade:
Book Profits after 1st target hit or book 50% and trail SL and wait for 2nd target to hit Or Close the position.
bharati airtel for 08/06/2021NSE:BHARTIARTL
Formed double bottom at 520 levels after a huge fall(hint for trend reversal)
currently moving up respecting the marked trendline.
today the stock broke the previous high of 535.7 and made a new high. It faced profit booking later and it is now currently testing the previous high 2nd time(535.7)
Currently, the price is at good value and I will consider entering tomorrow with 5min close above 538.5 only with a gap up open.
If it opens flat it may go down as well. I am Planning to enter only with gap up open.