Bharti Airtel Ltd. (BRTI) target 740
Airtel strong Breakout with high volume. Good momentum stocks . Airtel paid 5G spectrum amount.time to go for long. Get ready for the profit. Thank you.
Bharti Airtel chart Analysis and setup (CASH MARKET) NSE:BHARTIARTL
With past 3 days heavy selling bharti market has turned to negative from sideways movement.
So the setup for Swing Traders is to sell into strength around swing sell zone for 7-15 days maturity with given stop loss. one can buy in the money PUT options and keep stop loss as per cash level...
NSE:BHARTIARTL
Trade Setup for 25-04-2022
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...
Airtel looks bearish on Monthly TF due to drop in delivery% and Bearish Divergence on RSI.
Detailed note for bearishness has been updated on the chart.
This is solely my view and for educational purpose only.
let me know your thoughts in the comments section
just wait for a breakout and hard close, if the breakout above and next candle is white then you can long, and tp at the dashed line, but if the break above and next candle is blue so wait for retest then at trend test long... with SL, similarly when breaking below
According to candle stick pattern as well as support and resistance, any one can short BHARTIARTL below 718 with stop loss 723 for 708, and 700 target in intraday.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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...
Telecom Stocks picked up pace after the recent relief package from the Government.
Bharti Airtel being one of the top Challengers in the Telecom space is expected to show some upside, given the facts that :
1. It broke a multi year Trend Resistance
2. A Bullish Pennant is formed
3. Sustained Ride with two Bull Flags
4. Above MA Volume
5. ADX above 45 - Strong...
Target:- 911
Stoploss:- 657
Taking long position because of the resistance line break by the price and close above it. Also profit target is measure based on the price range between the support and resistance level and that distance is paste on the break out level or in the resistance line, and taking the highest point as a profit target. Stoploss is just below...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Airtel consistently taking support around 520
If it's breaking dynamic trend line can enter into trade.
1st Target will be 577 and 2nd target will be 589 in couple of days
Stop loss will be 527
Triangular pattern is the most effective pattern in Chart analysis, If you can figure out these patterns its very easy to make 2-3% of the stock. Just dont Enter on the break out wait for the retracement and take confirmation from cpr.
![BHARTIARTL: Simple Trade Setup | BHARTI AIRTEL | 25-04-2022 [INTRADAY]](https://s3.tradingview.com/s/SYmNfYoQ_mid.png "Simple Trade Setup | BHARTI AIRTEL | 25-04-2022 [INTRADAY]")
![BHARTIARTL: Simple Trade Setup | BHARTIARTL | 22-10-2021 [ INTRADAY]](https://s3.tradingview.com/j/JhODtr0k_mid.png "Simple Trade Setup | BHARTIARTL | 22-10-2021 [ INTRADAY]")
