Bharti Airtel - Triangle breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Bhartiairtel
BHARTI AIRTEL TIME FOR A BREAKOUTNSE:BHARTIARTL
So As You Can See Bharti Airtel Is Ready For A Great Breakout After A long Consolidation..
What I Am seeing In This Chart is A Triangle Formation Is making in Price It Will Breakout And Retrace Back To It's Support then It Will Go For A Bull Run My Time Horizon Is After Breakout For the Target is 3 Weeks.
AIRTEL 📞📞Cup & Handle retest done in monthly
Descending triangle in hourly
Retracement towards 200MA in 2hrs
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Bharti Airtel: Can Bharti make a good cup of tea??? 😉Bharti Airtel
Observations
- we are looking at monthly chart for Bharti Airtel
- since March 2021, the stock has not done much and is consolidating
- the stock is consolidating above the breakout green line and
- a Cup & Handle Pattern is still intact that has took 14 years in the making (a scotch would add value in that long period 😉)
Would that be the case for Bharti Airtel???
only time will tell...
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
Given the set up,
Consider buying in 2 tranches
- one at current levels and 2nd on further dips towards 496 / 480 levels
- target for the given set up 765 / 824
- set up provides Risk::reward ratio of 1::5
Time frame : Medium to long term
Best wishes & Take care...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Bharti AirtelRs 300,000 Cr Mcap
Both the non JIO players have returned -8% this year.
Interesting Wave like stock chart pattern.
With literally no pricing power and huge Capex every decade, wonder when will this industry make any decent profits.
Rs 520 seem to be holding the Fort, once that gives away...its will be a lost signal.
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$ Chart type: symmetrical triangle, Let it break for the above and close on a daily basis, if the risk to reward of your setup matches with your appetite then go long, also do use your setup once before trading to recheck if the trade is worthy :) Happy trading guys
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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AIRTEL- TIME FOR ACTION:{#73 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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BHARTIAIRTEL- Uptrend ResumingI have shared BHARTIAIRTEL sell levels. but levels has not come yet. BHARTIARTEL still holding.
So here is the new buy levels
BHARTIAIRTEL
Buy- Above 552
SL - 540
Target - 565 577 590 610
Here is the Previous Analysis given
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Also check the below related ideas for other stocks.
90% market will be on Sell side. 514 Breaks then go for sell.
This Trade idea is for 01.04.2021
If Breaks 523 level then go for buy.
If Breaks 514 level then go for sell
90% market will be opening sell side.
Entry points marked in yellow
NOTE: For perfect entry watch it on 5 Min candle.
For Safe Trade:
Book Profits after 1st target hit or book 50% and trail SL and wait for 2nd target to hit Or Close the position.