A sideways + ranged market is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a...
RSI made higher high (HH) that means trend reversal signal
Line charts made lower Low (LL) Thats means its a rsi divergence
Tight trendline also broke
Bullish engulfing pattern in candle charts also
All these happened at major support level
TARGET = 478
LOT SIZE = 1851
6 types of price action & technical analysis confirmation before this trade
FOLLOW FOLLOW FOLLOW
BHARTIARTL: Buy: 430; T1: 480; T2: 560; Sl:394; modified at 405;
It bounced back from long term channel support and the 2 strong green candles implies complete buying of stock.
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.
The 9 day EMA in Bharti Airtel is about to cross the 20 day EMA. If it does tomorrow it would be a good short term call. There could be a hurdle at 459-465 which once it crosses it should give us at least 485.
This is not my recommendation and just an analysis from me. Please consult your advisor before you make any investment.
Bharti Airtel well supported near 400 level . Bearish Engulfing candle seen on weekly chart. Take long entry between 430-435 for the target level 505-515 with SL 382.
This is for your educational purpose only.
Bharti Airtel closed at Rs.419. Gave Rs.12 from the high of buying divergence (yellow) candle. Can move to Rs. 435 levels in case the momentum continues.
Indicator used TE REKAB, it captures reversals in the market.
The Indicator used shows Reversals forming in live market, it is a whole setup in its own and is very helpful for beginners. ...