Bharti
Bharti Airtel breaking Reverse Head & Shoulder Pattern today!!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!!
Bharti Airtel is on the verge of breakoutFollow these three rules to take a trade :
1. It should break the ongoing triangle pattern.
2. The breaking candle should have high volume.
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
BHARTIART, formed rising wedge pattern, with double confirmationswing trade
buy at -554
target -568-569
stoploss-548
airtel is near to the horizontal resistance on daily candle chart.
1.It is in rising wedge pattern. (daily)
2.In hourly chart it shows a trendline breakout with confirmed retest, also a shooting star candle formation.
NOTE : sorry for delayed publishing, the half move is completed, but we can still earn money within short duration as described above. ALSO IF THE OPENING PRICE BREAKS THE TRENDLINE THEN DO NOT GO FOR THIS ANALYSIS.
futher details will be published later
ENJOY TRADING...!!
Hero of the day - Airtel !Airtel today, showed movement aroud 30 % in the stock price. The heavy OI change was reason backed by this rush. Also Airtel, had seen around 2000 OI change on 14th November as well.
Please check out the Participant wise OI involvement on the NSE Website for 15th November, 2019. The long positions by retail clients and short by FII, DII and PRO's, could be the reason behind price rise.