Bhartiairtel
BHARTI AIRTEL- BEARISH VIEWBharti 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 created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
Bharti Airtel Ltd. engages in the provision of telecommunication, tower infrastructure, and direct-to-home digital television services. It operates through the following segments: Mobile Services India, Mobile Services South Asia, Mobile Services Africa, Airtel Business, Tower Infrastructure Services, Homes Services, Digital TV Services, and Others. The Mobile Services India segment covers voice and data telecom services provided through wireless technology in India. The Mobile Services South Asia segment covers operations in Sri Lanka and Bangladesh. The Mobile Services Africa handles the company's operations in Africa. The Airtel Business segment offers end-to-end telecom solutions being provided to large Indian and global corporations by serving as a single point of contact for all telecommunication needs across data and voice, network integration, and managed services. The Tower Infrastructure Services segment includes setting up, operating, and maintaining wireless communication towers in India. The Homes Services segment refers to services that cover voice and data communications through fixed-line network and broadband technology. The Digital TV Services segment consists of digital broadcasting services provided under the direct-to-home platform. The Others segment comprises of administrative and support services provided to other segments and also include Airtel payment bank operations. The company was founded by Sunil Bharti Mittal on July 7, 1995 and is headquartered in New Delhi, India.
Bharti Airtel Long BullishNSE: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) will complete larger degree of wave iii. Target for wave iii is reverse retracement of length of wave i which is 1058.15/- just few points above 990/-
Target: -
1) Wave (1) = Wave (5). Which is near 990/-
2) Reverse retracement of wave 1 = 1058.15/-
Target 2 (33%) achieved in Bharti Airtel. Target 3 is ON...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 consult your financial advisor before taking any trade.
Bharti Airtel - Are we done with this rally?Looking at 4 reasons why we are just out of the first powerplay in Bharti
The move from 800 to 900 took about 2 months. Generally stocks trend for 3-6 months
The street is still underweight Bharti (because of Jio) - this result could see it cross 900
This stock has moved from a stock market makers used to love (with IV < 15%) to one where IV > 21% - thats a huge move in perception of the upside amongst market makers
So 1000 is possible on back of solid results - but keep a look for weak earnings, weak guidance - that cud cut this rally short
Bottom Line - Wait for consolidation around 860-900 levels before coming back in. Try to give the results a miss and get in (if at all) after the event.
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their entire capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
Bharti Airtel - Its still consolidating, waiting for a triggerBharti continues to be a good trade on the long side. The markets are a tad soft after a big run from 16800 levels - and a bit of a soft period for the Nifty in the next couple weeks can be expected. So would stay light on the long side as of now - very selective. However Bharti is one stock would stay very productive on because
Shake out on 14th of June - went down to 818, clearing weak longs
Defied the general market weakness last one week or so and continues to consolidate
Fundamentals & analyst estimates - still positive
Need a rapid push above 850 to clear the way to 900
Again if it cant clear 850 on big volume in the next few days, take your profits and get out at 845 or so. (PS - similar thing happened in Britannia a few weeks back)