Bhartiairtel
Bharti Airtel Long Position - Tgt 580 Eillot impulsive waveUpcoming wave is Eillot impulsive wave - 2 and target is 580.
Eillot Impulsive wave 1 correction of 5th wave is almost breakdown.
even price moving in range with high and lows trend lines.
so considering the new the new wave 1st target will be 580 later on 605 with a short period.
havent taken the trade yet still researching for the unconfirmed impulsive wave to start.
will update you guys as i took the trade.
Double Top Pattern in BhartiartlBullish momentum has started in Bhartiartl from 9th April which has touched the ceiling at 569. This zone is a "MAKE OR BREAK" zone as we can see in a monthly chart that it has touched the upper trend line and in this zone, we can see either of 2 things:
a. This time it will break the upper trend and make an all-time high. A bullish trader who also thinks in this same line, with a strict stop loss of 501.35 stays in this trend. But most likely it has a low probability set up and we might see the second condition below.
b. It will take a reverse gear and make support at 447.65 by 7th September & then take a ride towards an upward direction.
BHARTIART, formed rising wedge pattern, with double confirmationswing trade
buy at -554
target -568-569
stoploss-548
airtel is near to the horizontal resistance on daily candle chart.
1.It is in rising wedge pattern. (daily)
2.In hourly chart it shows a trendline breakout with confirmed retest, also a shooting star candle formation.
NOTE : sorry for delayed publishing, the half move is completed, but we can still earn money within short duration as described above. ALSO IF THE OPENING PRICE BREAKS THE TRENDLINE THEN DO NOT GO FOR THIS ANALYSIS.
futher details will be published later
ENJOY TRADING...!!
Bharti Airtel Intraday Breakout Chart NSE:BHARTIARTL
Bharti Airtel can give good move tomorrow if today's high level ( 540 level is broken) .
Can give good move upto 552/560 levels. Target,stop loss depends as per your RR.
(This is my analysis and shouldn't be used as a trade recommendation as I am not an experienced trader.)
Bharti Airtel Flexes Its Relative StrengthMonthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. Some stocks are handling the recent selloff better than others, and one of those is Bharti Airtel which is pressing up against all-time highs. This is a massive long-term base and a move above 530 would confirm the start of a new long-term uptrend. Positive momentum and relative strength are the characteristics we look for when picking stocks, especially during environments where a lot of stocks are struggling to gain any upside traction.