Bharti Airtel again at break out level.Clearly Bharti airtel stock on bullish mode & at the Bo level. we can take the long entry above the price of 560 for the next target level of 575-580 with the SL 545. After crossing the level of 580 we can see the more strength in the stock. RSI is supporting very well. After complete BO at the time frame of 15 we can take the long entry. So add the stock in your watch list for the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Bhartiairtel
Bharti Airtel: In Consolidation mode and trading strategyBharti Airtel
CMP 550
- The stock has been in consolidation mode for some time
- 530 could be crucial support levels
Given the set up
One may consider selling Bharti Airtel 530 Put Option around 12
Lot size 1851
Max profit potential Rs 22212/- per lot
Loss protection in strategy for a fall in Bharti Airtel price up to 518 till 27-Aug-2020
Take care & safe trading...!!!
Discliamer :
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Bharti Airtel Long TermBharti Airtel has been trading in a range since the past few months and the average volume has been decreasing as well. This makes for a scenario of either distribution or accumulation by the institutions. I personally think this is distribution. Reasons for this include, Bharti Airtel has been hyped up in the news since many weeks and brokerages are increasing the ratings of Airtel to buy. Fundamentally speaking, Airtel is nowhere as strong as Jio. Airtel also has been losing many subscribers to its major competitor, which is Jio. There is a slight chance that this range is an accumulation stage. Reasons include, first, Vodafone Idea is struggling badly to survive. It has the highest amount of Adjusted Gross Revenue dues. I can see Idea filing bankruptcy in few months, provided Vodafone UK doesn't come to its rescue. And I think that institutions might know this insider news and have started buying Airtel, as once Vodafone Idea is gone, then only two telecom companies would be left, Airtel and Jio. And recently Jio's services have somewhat been deteriorating, a sign of cost saving, and this means there is scope for improvement in Bharti Airtel and its future may be secure. But as we know price is king, so wait for price and volume to tell this to you and once you have confirmation, without hesitation go for long in Airtel. But a breakdown of the yellow range will mean a start of downfall for Airtel and then remember that the range was distribution and not accumulation/
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market.
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
Multibagger - Bharti airtel to double in 6-9 monthsBharti Airtel is testing All Time High levels & crossed previous ATH levels formed on 2007.
It has formed Cup & Handle pattern in weekly charts which indicates huge move ahead.
OBV is increasing at a steady rate indicating accumulation by big investors.
There may be short term corrections. Buy Bharti Airtel around 550 levels for a target price of 1000+ in 6-9 months time frame.
BHARTI AIRTEL EXHAUSTING MOMENTUMI have a Negative bias regarding Bharti-Intraday
Short Below 567 with target of 600
If Bharti gains momentum and sustains above 580 will look for oppurtunities in Long with 588 as target
No Trades if there is no movement on either side
Note-Pls consult your financial advisor before taking any Trades
Bharti Airtel again at break out level.Bharti Airtel share once again at Daily BO level. Long entry can be taken above 573 for the target price of 590. now stock is above the 50 EMA level & currently build up at the resistance level. kindly add the stock in your watch list to see the price action movement. SL can be taken 562.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
17TH JULY BHARTIARTL TRADE SETUPThe stock was moving sideways on 16th july, this means the market participants are being indecisive on this stock. Technical are giving a sell signal, price got below ichimoku cloud two days ago in a 30 minutes chart. Don't take long or short position for a very long time since the stock is moving sideways on weekly charts. Trade cautiously and have strict stop loss, trade only if it finds a support or resistance near any suport and resistance lines drawn.
Bharti Airtel for Intradayso a breakout build up in Bharti Airtel!
But some points to remember
1.If the price breaks the resistance on the first candle from at about todays high it have to comeback to resistance level to retest it(Unless the stock has some very good news which can avoid the retest).
2.if the price spends time near resistance area and then gives breakout you can enter it directly as it may not retest the resistance in intraday.
3.if it opens gap up or gap down you have to notice the price action.
If you have any doubt to know or discuss you can contact me anytime!
Analysis of Bharti AirtelBharti Airtel – CMP - ₹574.7 – Dt. – 12-07-2020
The stock has made the Ascending Triangle pattern and can give a good amount of return if it gives close above ₹587.2 for 2 consecutive days and 2nd resistance level is placed at ₹603.7 and after that ₹612 which is an all-time high.