The stock has formed an Inverted 3L-R pattern which can be used for shorting the stock at current price with SL 325.6 (closing basis) & target of 305 - 310. 3L-R is a relatively short term pattern
The stock has formed double bottom, gave breakout now retesting from above. One can enter long now with reasonable Stop loss. Pattern Target is 353.80 however there is resistance at 341.40 so let's see which one it achieves. Even for the lower target risk to reward ratio is good.
Bharti Airtel has been trading in down trend from couple of months and trading in a falling wedge pattern respecting support and resistance. today it has touched resistance and unable to make breakout upward, it is not looking strong enough to make breakout instead heading towards wedge support somewhere between 284-283. Traders may wait to retest of the...
NSE:BHARTIARTL Bharti has broken below wedge pattern on a daily chart and seems to be accelerating towards 283 levels. Keep a strict stop loss of 315 and trade. Markets are volatile due to US presidential elections and you may want to take the bet after the elections, below 300 levels.
The stock is in downtrend making lower lows. IT has given first reversal signal forming double bottom and also divergence at this level in MACD/RSI. One can enter the long trade now as the risk is low. How far it would go only time would tell but 325 seems quite reasonable expectation.
It is been observed that the price action breaks below 300 support levels on daily chart and now it shall move further down to the next support levels at 290 levels.
Target: 290
Stoploss: 325
