The stock has taken support at 410-415 levels. A move above 435 would drive prices up to the red zone and may face resistance near the 200 DMA. Post that the stock could make new highs.
Bhartiairtel Formed a Bullish engulfing candle near Day support also In the weekly chart it is rejected from 200 EMA and formed a wick.., That shows a great buy sign for Bharti airtel: Nxt Resistance for Bhartiairtel is 495 (Its a Weekly Resistance)
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.
BHARTIARTL is trading near the 9 months trendline as well as near the support level. A positive breakout with good volume, is an indication of potential upmove. However, if it cant take support at these levels, it may break the trend line to go further.
Cheers! Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
D bullish higher high can take entry above the BO of 503 for the next target levele of 550 with SL of 478. prediction of reversal change. Support level 480.
Always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All...
I hope you can now see how Bhartiartl represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Heading towards an Inverted cup and handle pattern. It can be identified by its large crescent shape followed by a less extreme, upward retracement9To be formed) . The entire pattern usually takes within 3 to 6 month to develop. These patterns are meant to serve as being indicative of a bearish reversal.
After the cup forms and the beginning of a noticeable...
NSE: BHARTIARTL - We can see that the correction in Bharti Airtel is getting deeper as the stock cutting lower band so next two days more selling can come due to large-cap offloading by funds.
Bharti Airtel is at the support level and respecting the channel pattern having chances to trade in the channel, If it breaks the support line it may fall.
