Bhartiairtel
BHARTI AIRTEL SWING TRADE - AUG -21 EXPIRYBHARTI AIRTEL SWING TRADE - AUG -21 EXPIRY
Target 10% till Aug expiry, Expect target till 700 by Aug expiry
Why Long -
- Long term resistance breakout
- High volumes traded
- Amongst top gainers recently from 2 weeks
- Idea bearish - fundamentally
- RSI trading above 70
- Double bottom pattern breakout
BHARTI AIRTEL Demand Zone FOR SWING TRADING = 60 MIN DEMAND
Bharti Airtel is in Uptrend on 4hour time frame and on 60min time frame there's a good demand zone where price is likely to take a bounce.
As a retracement trader one should wait for price to pullback at demand zone.
A good 5:1 Reward to risk is can be expected from this setup
Bharti Airtel - Trade planBharti Airtel will plan entry only on below levels being met:
- In breakout zone from rounding consolidation range, entry only above 625 which is previous resistance.
- Preferably with volume expansion.
- Target may be 740, SL - 555
- RS is positive and rising, MACD positive, Super trend buy signal, price action is supreme.
Don't jump into trade, wait for levels as per chart,, as reversal may be possible from resistance levels.
*Only for educational purposes, not a recommendation.
Levels for BHARTI AIRTEL.BHARTI AIRTEL is standing on a very important level exactly on POC (green line) and also forming a double top bottom. If market opens in range and breaks the level 607.85 we will head towards the 613 levels and incase there is good bullish pressure then 616 levels and if market opens in a bearish side then we can move towards 603 levels and then observing the market again towards 594 levels.
DISCLAIMER:-
Trading is very risky please analyze the stock by your own and take the trade on your risk. Levels which are provided above are just for a simple idea about the stock and for educational purpose.
Bharti Airtel: Remember what was said for Bharti Airtel at 525Bharti Airtel
This is what was posted on July 04, 2021 when Bharti Airtel was at 525
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
- the importance of 560 was derived from February 2021 month candle (Shooting star candle)- where the Open was at 559 and close was at 556 but intraday high was at 623.
That candle reflected that close above 559 would lead to at least February highs of near about 623 levels in quick time
it consolidated for the whole of July but in month end it closed at 561.65. Today Bharti Airtel has made a high of 619 (already 10% rally) in 4 trading sessions.
That idea (posted on July 4) had just 5 Likes but those who followed the idea are reaping the rewards now...
Technical Analysis can give you a lot.... the question is are you willing to listen to charts???
Follow for more such ideas...
But don't just follow me blindly
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