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
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.
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.
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.
Formed ascending triangle pattern.
Pattern has been broken (temporarily). Should wait for the retest & reject to confirm breakout.
If breakout is confirm then, should go down (is what I expect) from here.
I have a Negative bias regarding Bharti-Intraday
Short Below 567 with target of 600
If Bharti gains momentum and sustains above 580 will look for oppurtunities in Long with 588 as target
No Trades if there is no movement on either side
Note-Pls consult your financial advisor before taking any Trades
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