Rs 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.
Cup and Handle pattern confirmation on daily chart and the downward move has started. Target of 394 with 30% pullbacks in the coming weeks. Also note that RSI has sharply fallen below 40 levels indicating a strong downward pressure.
Buy.......................Explanation in Chart. For Educational Purpose only.....
In the hourly chart, we can clearly see that Airtel is breaking its resistance of 604. And if we put Darvas box in the chart than Darvas box also generated a buy signal on the chart. Take long positions for the target of 622.
as we can see thhe buying level around 524 for the target of 530-535 with the sl of 518.
My idea on Bharti Airtel Target 492 to 480
Today Bharti Airtel has broken out of the Reverse Head & Shoulders pattern with volume and is moving up towards it's target of 600+ One may go long with a stop loss of just under 474. The first target is 560 where it may consolidate a little before zooming to 600+ Cheers!!
Just before the major verdict in Telecom AGR case today, Airtel is showing bullish signs. Long above 530 Target -- 542 first , 560 second & 590 third target !!
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
IN DAILY TIME FRAME IT IS AN UPTREND CHANNEL FORMATION CMP - 549.90 Target- 555
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.
Triangle Formation. Wait for 500.
Bharti Airtel is breaking it's range (~340-380) slightly due to speculative/news based buying which doesn't seem sustainable. Short orders can be placed if it dips below 375 for targets of 340-335. Also, all the news channels seem very bullish on it which according to my experience means there's a high probability it will fall.
Today Bharti Airtel is Must Trading Stock Because today show on chart in volatility stock is you want to trade in this Buy Above 338.8 with the stoploss of 328.6
buy @ 505 for safe traders level of 520 crucial and important ..!!!