Bullish Flag chart pattern formed in Bharti Airtel and breakout above 1129 confirm that price will up to 1400 target as per measurement rule.
While Robert Kiyosaki and other said that in march 2024 there will be big crash, so keep away from noise and focused on chart and market structure. If chart turned negative we will definitely exit.
Bharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.
Bharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal.
ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
stock is trading sideways to bullish
support at 210-200 area
resistance major at 275-290 zone
in llast 8 weeks a healthy consolidation took place and a fresh upmove likely once it start to trade above 230 mark
Technical Analysis for Bharti Airtel (BHARTIARTL):
Stock Name: Bharti Airtel
Chart Pattern: Flag and Pole pattern
Entry: Breakout of trendline and 1132 levels with a bullish candle
Target Time: 1 month
Bharti airtel looking bearish.
It is farming channel breakout failure and retested resistance area .
Stop loss @1050(very small risk Daily candle close besis)
It is good time to short CMP@1032
1st target@960
2nd target@900
3rd target@850
4rt target@780
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is...
NSE:BHARTIARTL
Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months.
Wave (5)...
#bhartiairtel tough contender in #telecom #sector. Based on 6months chart. strong breakout happened and marching towards target. Long term Investment Bet in #telecomsector
Bharti Airtel Cmp 753.30 , from last one year stock is consolidating in a channel , if it breaks can see good moves in next 3 to 6 months
Must be on your watchlist
Plz do your own analysis before take a trade
This is follow-up on Bharti Airtel. Can check link to related ideas.
Target 2 achieved. More than 33%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
