BHARTI AIRTEL LONG TERM ANALYSISThe Chart has broken out from CUP pattern hence support level 1 at 500 will act as strong support for the scrip.
In short term chart, there is Support level 2 as well which is also forming a continuation triangle pattern.
The Long term target is 740 and it should reach there till March 2021.
Currently stock is trading at 560.
Put your stop loss at 550 and 500.
Risk is for 10% (560-500/560)
Target percentage is 32% ( 740-560/560)
**Analysis is purely my view, please invest on your own risk **
Bhartiairtel
BHARTI AIRTEL IS LIKELY TO GO DOWNSIDE SEE YOURSELF ?Hi Traders,
1. A few weeks ago I shared my first post for Bharti Airtel where I shared a buying zone. You can see below how price moved around this zone taking support several times. First changing its sentiments to travel in five-wave structures to a corrective pattern (ABC). The journey in these weeks you can better understand the first fig. I shared a few weeks ago. Compare all moves, you will see the transformation of sentiments change with time. Where you also need to change. If you are not adept to switch with price, you can not be a profitable trader. Compare a clear vision on June 6 post is quoting for your consideration " I showed a red buy zone in fig. where I shared investors and traders can entry if not taken out. You can see a pink circle candle took to support and in the later move, this zone was tested and traveled to the red dotted zone. If this hurdle is taken out then you can see the prize visiting white box very soon. On the contrary, If the dotted red line does not fulfill the condition of taken out then the price will be range-bound between the red zone and this dotted line. If in the next trading session price open gap up and sustains here at least one hr then longs will become comfortable. The investor should have bought 50 % of his/her capacity at zone. I will be bearish on this stock if the buy zone is taken out. " . Just imagine three weeks ago I mentioned the whole trade which you can compare with then mentioned conditions. This is the power of education and in-depth visualization. Price neither fulfilled up side condition nor downside the result consolidation.
2. Now, what next In current fig I made three circles showing different patterns and same sentiments. let us interpret them. See the white circle at that resistance where I mentioned the upper condition of trade on June 6th forming two Doji one long-legged and second small spinning top this shows missing buyers' efforts. And the price dropped to the buying zone. Then green circle at that resistance with two small spinning top same information buyers missing. Come to the third circle in pink a small Doji at microzone showing lack of buying. See In three circles the same sentiments.
3. If the green trend line is breached and pink lower support is taken out in 4 hrs time frame then long positional trades should be surrendered. Till price does not take lower red zone out in 4 hrs time frame I will not short. If satisfy this condition then Sort with the target of the lower blue zone. Those new for them to understand taken out is as follows:- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
4. Both arrows indicate direction not exact level around this area sentiments will change. The rest price will decide.
YOGESH VATS
DISCLAIMER:- All positions should be taken by consulting your financial planner. This work is purely for educational purposes only.
Bharti Airtel again at break out level.Clearly on all time frames again bharti airtel share on bullish mode & again trading at the breakout level as shown .So as of now long entry can be taken above the level of 575 for the target as indicated on the chart. once the major resist. level of 595 cross then stock will try to make new high. Also stock is trading above the 50 EMA on all TFs.
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 .kindly follow & like for more educational ideas.
REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART -2BHARTI AIRTEL
1. In last updated post of this scrip I mentioned that "if pink dotted line in upside is taken out on 2 hrs time frame , then i would like to initiate long position ." y you can check in two hrs time frame it is taken out but with some glitch . See volume of 2nd 2 hr candle is low. This does not satisfy me for long. Here price has to fulfil new condition to go long.
2. The red color dotted line should take out on 1 hr time frame Then with the sl of low of ref candle which cross red dotted line . I will initiate my positional long for the target of white box.
3. On the contrary If price takes out yellow support line on 1 hr time frame , then I will cover my previous week long positions. And will wait for price action near green trend line . If that line is also taken out in 2 hr time frame then I will be bearish on this scrip.
4. All conditions to trade in this scrip are important any relaxation will convert into big ......
ICICI BANK I. In my last update for this scrip I mentioned is quoting for your consideration "but it does not mean that stock fulfilled my condition of going down. till red solid line is not taken out on 2hrs time frame chances price can move up." You can see lower taken out condition not fulfilled and price moved up. All my charts speak themselves with conditions . Because this is the game of conditions . Now further move of this stock is dependent on upper red line if it is taken out in 1hr time frame then blur color zone lower band is my target. That i mentioned in first post of this scrip. otherwise price will consolidate here .
AXIS BANK
1. In this scrip I mentioned is quoting for your consideration " In my last update of this scrip I mentioned is quoting for your consideration " that change of sentiments made my biased now down side. but i will not short till red support is not taken out in 2hrs time frame. till then stock is in no direction range neither long nor short can be initiated without clear break out either sides." You can see the clarity of visualization of move when sentiments changed to down I clearly mentioned red support line condition and confidently wrote I will not short though sentiments are down side . See your self breaching upside gave a fantastic move to upper end of my green line. That is accuracy Of an amateur and non professional person See MR.troller ( gann-elloit-trader). If you can come out of your ego then you can see. This is classic example of my conditions which never put me into jeopardize.
2. Next leg of move will start only when green dotted line and solid zone is taken out in 2 hrs time frame. Other wise price will move into range bound trade between upper green and lower green support. Rest market will decide.
YOGESH VATS
airtel rsi divergenceNSE:BHARTIARTL
there is divegence in the airtel and i want to know weather this divergence is hidden or bullish or bearish every body see and let me know ,,,,my view on this is bullish and hidden divergence is occured the price is on correction and has still more potential to go up unless any news impact on this
REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART -2ICICI BANK
In last post of this scrip I mentioned is quoting "in hdfc little confident to go upside but here this gives me edge over hdfc." See how price moves changes sentiments in two days. In part -1 post I shared perfect harami pattern activated but in this scrip it is variation of harami which is not activated . last Saturday I was bullish on Icici but in two days scenario gets changed . But it does not mean that this stock fulfilled my condition of going down. Till red solid line is not taken out on 2hrs time frame chances price can move up. I will be little more confident when upperr yellow line is taken out in 1 hr time frame with first target of upper red solid line and that is also taken out on 1 hr time frame then blue zone lower band.
MARUTI
In my last post of this stock I mentioned is quoting " i will like to trade when price gets activated on next day by closing above bull candle." You can see in two days trading price did not close above bull candle means the piercing pattern circled in green still not activated so no long can be initiated . See the beauty of analysis I made red dotted line price in two days did not dare to breach this . Can you imagine how precision the moves are manifested with clear conditions no confusion in any condition. This is why I every time emphasize on education of this unique language. As in last post already mentioned the clear conditions of long and shorts so I would not discuss here interested traders can see last post on this scrip.
AXIS BANK
In this stock my biased was for long side Till Saturday but on Monday trading changed to down side why I tell you by comparing my statement " if green support is not taken out on lower time frame and later on next day in daily time frame." You can see on monday it did not even try to touch high of bullish candle and whole day traded down. This shows weakness and breached green support so long positions should have been surrendered on same day. The next day means today close is below bullish candle low means taken out condition is also fulfilled. That change of sentiments made my biased now down side. But I will not initiate short Till red support is not taken out in 2 hrs tine frame. Till then stock is in no direction range neither long nor short can be initiated without clear break out either sides.
BHARTI AIRTEL
In last post of this scrip I mentioned is quoting " piercing pattern on good tested support not activated yet." You can see two days trading candle could not give any candle close above this pattern bull candle for its activation being on good support. This changes my biased to down side if this pattern low is taken out in next trading session on 2hrs chart then I will be completely bearish for this . I made pink color solid line on bull candle . On the other side If pink dotted line in upside is taken out on 2 hrs chart then I would like to initiate long with sl of pink solid line. If you have depth in your analysis and skill to change you sentiments with price market will reward you . In these two parts I tried to show you two days back my sentiments with stocks and how I switch with price formation. In some stocks I changed and in some did not. Rest market will decide.
YOGESH VATS
Note. All trading positions should be initiated by the advice from your financial planner.
IS BHARTI AIRTEL GOING TO FLY SEE YOURSELF !!Hi Traders/ Investors,
In my last week post of this stock , I mentioned is quoting for your consideration " if dotted red line does not fulfill the condition of taken out then price will be range bound between red zone and this dotted line." You can see the price remained range bound between two given limits. why price did not break this zone whole week it has sufficient time to break because the move manifested in such a way that it itself prove to be worthy almost one month back. Now see i circled in green that is piercing pattern on good tested support not activated yet but if next trading session close is above the high of last candle then it will be activated. Green arrow is direction not the entry point as assumed by one of my followers and gets himself in panic situation in one of the indexes . So red carefully till you understand the conditions. If find difficulty then write in comment box there are many experienced traders who are always ready to help. As they have good habit to visit comment box and see all conversation for the point of view of learning new concept of market by my replies and your fantastic educational questions.
I see if price takes out red dotted line then white box is my target. Rest market will decide.
YOGESH VATS
Note. All investing and trading should be done with the consultation of your financial planner.
Bharti Airtel - Bearish Projection - Triangle Bharti Airtel has been trading in a symmetrical triangle for the last few sessions. Price action within the triangle signals towards an imminent breakdown. Those holding longs in Bharti Airtel should exit. Those who want to go short, should either wait for an actual breakdown or go short around the third bounce (See the projected blue line). Once it breaks below the triangle, it is likely to go to a level of 485.