Bhartiairtel
Long on Bhartiairtle at 528.60 Entry - 528.60
Target - 593
Stoploss - 519.85
I will go LONG on Bhartiairtle because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Bharti Airtel is on the verge of breakoutFollow these three rules to take a trade :
1. It should break the ongoing triangle pattern.
2. The breaking candle should have high volume.
3. There should be a retest.
4. Take the entry at the second green candle after retest.
Do comment if you have any other doubts as well.
Weakness in BHARTIARTL....BHARTIARLT near support zone 416-420
CLOSING Below this level may lead to more downfall(Trade after closing)
may bounce from this level
bulish if closing above 456 which is also recent LH and 78.6% fibbo level
support zone of demand zone---1336 to 1195(which is also fibo retracement 78.6% and 61.8%)
below all important moving average
#Oct15 - Infratel (intraday+swing) - Major ResistanceReady to break a major resistance
Buy above 192.95
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
BHARTIAIRTL - TREND REVERSAL INDICATION (or continuation?)The stock is forming a wedge pattern, indicating a halt. lets wait till a market tells us where is it headed ??
Buy/Sell only when price clearly crossed the level. Beware of false breakouts. Let the candle close outside of the wedge and let the volume be above the average. This helps to minimize the possibility of false breakout
This is not a recommendation, Its for educational purpose only.
Trade Safe!!
Bharti Airtel Weak on charts.Bharti Airtel weak on all time frame. Further broken of TL as well as support level can lead to stock more weak in coming days. short below 420 for the target price of 385 with SL of 435. Short entry will take after proper confirmation.
This is for educational purpose only.