Trendline and the specially designed volume action analysis suggest a bullish run on the BHARTIARTL.
This is my weekly analysis on Bharti Airtel.
BHARTI AIRTEL BULLISH TRENDLINE WITH VOLUME ACTION
Target:500
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Buy above 482 for 3,7,12+++
Sell below 475 for 3,7,12+++
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Inverted Cup and Handle Pattern: A Bearish Technical Trading Indicator. Inverted cup and handle patterns can be identified by their large crescent shape followed by a less extreme, upward retracement. These patterns are meant to serve as being indicative of a bearish reversal.
A descending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
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...
RSI made higher high (HH) that means trend reversal signal
Line charts made lower Low (LL) Thats means its a rsi divergence
Tight trendline also broke
Bullish engulfing pattern in candle charts also
All these happened at major support level
TARGET = 478
LOT SIZE = 1851
6 types of price action & technical analysis confirmation before this trade
FOLLOW FOLLOW FOLLOW
A sideways + ranged market is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
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...
Bharti Airtel well supported near 400 level . Bearish Engulfing candle seen on weekly chart. Take long entry between 430-435 for the target level 505-515 with SL 382.
This is for your educational purpose only.
Positional Trade:
BHARTIARTL: Buy: 430; T1: 480; T2: 560; Sl:394; modified at 405;
It bounced back from long term channel support and the 2 strong green candles implies complete buying of stock.
-Mohit Rajani
Reasons:-
1. Facing rejection @ support
2. Formation of double bottom
3. Once broke the 409 resistance may show a upmove
This suggest the stock may show an upmove on monday.
