After a long consolidation, Bharti Airtel has again given a breakout but points to watch
- 5 Ema has crossed 8 and 13 EMA
- MACD has not crossed the signal line but tends to cross
- Volume is not good enough as per the breakout
Any suggestions, please comment
NSE:BHARTIARTL
-us market near 200-wma
-spy has also broken previous low
-in previous update i had indicated dollar index is crucial for us
-if dxy broke 110 we will move towards dot.com crash level of 120 (2000-01)
-us mkt is in complete bear grip
INDIAN MARKET UPDATE
-the term decoupling was used by me for the first time in june
-today it is visible that we are now...
Bharti Airtel is at the major support level of 640-630. Fundamentally this stock is going to do good as per consumer wallet share in increasing with the increase in consumer. This fall the best buying opportunity for long term investor who believe internet will drive the world.
First target of airtel is 780. Once it crosses it sky is the limit for it.
airtel with my opinion all network
accendind triangle pattern, its' not wedge pattern
but consolidate brakeout , some pattern shown, but not support index, repo(strictly stoploss),
nifty?
we will enter agiain, only for 5g reason,
when lauch server is bad it will be fall and jio)
pinging theres two network problem still,
vodafone idea is still good ping...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Bharti Airtel is consolidating from last September 2021, between 630 to 780. Volume and a good percentage of delivery in the last few days indicate a high probability of breakout. If it Breaks, we can look for an immediate target of 800 followed by 815 (as per fib extension).
Hello..,
1. airtel traded sideways in weekly.., its exactly bounce back from demand zone around 640-650 levels.
2. already institution players entered in demand zone.
3. now we got a double conformation double bottom formed in day chart.
4.if its break 700 day close basis target would be 770
5.target period...
keep close eyes on bharti airtel next closig
giving breakout with good volume
shoud buy above 768
sl should be below725
target can be 800+
do your own research then invest
Bharti Airtel is finally making a move, it approaches a long term resistance line on above average volume after forming a
beautiful double bottom on the long term support line and a long trade can be taken on break of this zone.
Stop loss below the recent king candle
Target near the High of the stock.
Keep It Simple
Bharti Airtel at weekly BO level. Long once BO above the level of 735 on day end closing for the target price of 782 with SL 720. We can keep trailing SL. Very good momentum in the stock. Trading above 50 as well as 200 EMA level. RSI expecting to cross above 60. on monthly basis RSI has taken the support of 60 levels. This is for your education purpose only.
