Bharti Airtel again at break out level.Bharti Airtel at W BO pattern. Long above 500 for the Target level of 525 with SL of 490 . Good rounding bottom pattern & RSI Positive divergence. This is for your educational purpose only.
Bhartiairtel
BHARTI Airtel has finished the fib retracementBHARTI has finished a fib retracement and has now broken an important trend-line. Go long in the stock.
There are double confirmations in the stock. Higher highs, higher lows. Fib retracement complete and breakthrough from a trend-line too. Absolutely perfect!
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NSE:BHARTIARTL
Bharti Airtel - cup and handle pattern formation Bharti airtel - forming a cup and handle pattern -
wait for breakout with volumes
Current Price - 495
Entry - Above 501
Target 1 - 530, Target 2 - 555
BHARTIARTL AT RESISTANCE 1HRBHARTIARTL is at it's resistance for the 3rd time, the first time sellers took it till 400, the second time it came around 460, now it is the third time that BHARTIARTL is at resistance. It has been halting there for some time now & is accumulating buyers. There is a high possibility that it will break the resistance in coming trading sessions and can be a good trade for intraday as well as short term. There can also be a chance of minor correction but it will not be a deep correction and there are high possibilities of breakout with good volumes. You can enter the trade in 1hr or 30min or 15min timeframe whichever you are comfortable with after the price crosses the high of the breakout candle. Thankyou!
Bharti on "CUsP" of Breakout. Correct "HANDLE"ing KEEP WATCHBharti Airtel,
After long period of downtrend and reversal confirmation is now poised for further upmove.
As you can see from chart, Cup and Handle formation is on the edge of completion (NOT YET COMPLETE). Will complete if it closes above 500 in next 2-3 days.
RSI > 60, shows strength to move now
MACD Line cross over Signal Line.
Spurt in Volume last week.
Fibonacci 60% Resistance@500, which is exactly is the Handle Point.
Watch out if this closes above 500, be ready for TGT of 550 - 600. SL - 444 on closing basis.
Summary:
4 Bullish indicators (RSI, MACD, Volume and Trend)
2 Resistance Indicators (FIB 60% & Handle breakout@500 pending). Watchout for closure above 500. Keep a close watch
PS
1. This idea is for education purpose and back testing only. Consult your advisor before any calls or position
2. Traders with risky appetite can take 10% position before the market lead
Bharti Airtel looking good for investment in short termAs per my chart pattern it looks like 470-80 is playing a good support zone, wait for strong break of 485.
Target -
500 TP1
550 TP2
600 TP3
Bharti Airtel, Long for target of 600+Demark trendline is made by joining TD points. Here TD2 points are joined to form a trendline. BHARTIARTL is about to give a close above demark trendline. To get the target, take the distance of lowest point and demark line and project it upwards
BHARTIARTL has a 126 point gap and based on that we can expect a target of 600 based on above mentioned method.
Conservative investors can wait for swing high of 494 to be broken as additional confirmation.
Target 1 = 550-560
Target 2 - 590-610
Stoploss: 460
HDFCBANK forms a head & shoulders pattern!HDFC BANK forms a head and shoulders pattern on 1 hour time frame. Although the neckline is not broken yet. It has also forms a RSI Divergence .
A high probability that it may go heavily bearish after breaking the neckline.
Bharti Airtel - 9 day EMA about to cross the 20 EMAThe 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 LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
450-447 CAN ACT AS GOOD SUPPORT; BUY ABOVE 471.5.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Bhartiartl Stock Formed Cup and Handle IT's CMP - 464 expected to go RS- 400 as per pattern. Entry - 460 , Target - 400 , stop loss - 480. 1:3 risk: reward ratio trade.
bullish on BHARTIARTL This is my weekly analysis on Bharti Airtel .
BHARTI AIRTEL BULLISH TRENDLINE WITH VOLUME ACTION
trendline and the specially designed volume action analysis suggest a bullish run on the BHARTIARTL .
Target:511 SL:470
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**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
