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Bhartiairtel

Bharti Airlel Clean Price Action tradeThis is a very straightforward trade. On macroscopic factors, the 10yr TFT Bond Yields are around a strong resistance and will likely witness a self off. This is bullish news for the stock market. Post a heavy budget correction of the budget gains and gap ups, I went stock specific to pick momentum on the strongest stocks. One of my favourite picks is Bharti Airtel and a quick trade could be made on March expiry for the momentum catch. The massive volume around the closing indicates a bullish push to break the sideways channel. Although the RR isn't much good on T0, yet the likelihood is higher of a target. Keep the SL at 520 and go for a target of 551. We have 1;2 RR here. However, if you want to play it better, go with Apr Fut and ride the bullish ride for the targets marked on the chart with trailing SL 10 points below the previous achieved target line. Happy Investing!
NSE:BHARTIARTLLong
by ShekharChatterjee
BHART AIRTEL - Consolidation Zone SpottedBHART AIRTEL after recently taking rejection from 610 levels twice has moved towards a similar consolidation zone as seen In Jun-July series. Good Opportunity to go long till 568 & 582 levels. After 568 could retrace back to 555 and then journey back towards 582 levels. So watch the movement carefully. However, in the Feb series - if breaks 582 levels with good vol, then should again test 610 levels and make new highs as well. Most of it would also depend on the 2021 budget announcements for telcos. But since Bharti is a bullish stock, 582 levels seem to be easily achievable for short-swing trades. If it takes support at 555, then option buying can also be done till 568 & 582. This is my personal analysis based solely on the price action and does not intend any guarantees. Please trade at your own will. Happy Trading. Buy at 555 (if sustains) 1st Tgt - 568, 2nd Tgt - 582, 3rd Tgt - 610 Stoploss - 543 Kind Regards!!
NSE:BHARTIARTL
by Akash55