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.
Bharti Airtel Long Disclaimer: Trade on your risk and appetite.
Bharti seems to be finally breaking out of the 500-520 range. The next resistance zone is 545-570. 570 will be very interesting to watch since if Bharti starts to fall from there, it might create a long term head and shoulders pattern and fall back below 400 easily. With the payments bank news around the corner, it can go both ways. I'm staying long, for now,...
This stock it has break a down trendline with good RSI strength and with Huge volume addition. For a weekly setup we well see move towards 240 and there is a possibilities that this will take halt at 240 level and break this level will see good up move.
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!!
Follow 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.
Bharti is at the foot point of a rounding top. More slippages below 399 can be very negative for the stock. Sell at 396. target at 385. Stop loss at 401.
Bharti airtel will attempt to take a strong support around 414-415 levels. If the resistance is broken, then the down side could be huge and profitable. Sell below 414. Target at 388. Stop loss at 427.
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 !!
On Breaking 600 the stock breaks the triangle pattern and starts its journey of 5th wave. 1. Wait for the symmetrical triangle to break at 600 levels. 2. Enter above 600 for targets of 660,730. 3. medium term views.
Please refer the image as I have given the levels of retests and rules. Follow them for a successfull trade.