Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance.
Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises....
Bharti Airtel Looks strong
Reasons/Traits :
• Harmonic pattern gets activated once 708 level is sustained to form a bullish bat or crab pattern
• Price closed today above 13 EMA
• Price took support @ 0.382 fib retracements levels from higher high and closed above 0.236 today
• RSI and volume increasing
What can happen next :
Scenario 1 : Price sustaining above...
So be carefully in ur money
That means retail trader
It's will be 5g launching service
Airtel company was expecting India's first
5g launching company it will be somthing India's ultra speed network in india
One news negatively may seller in this area
Goodluck
Use 4h time frame 2 intraday trade one stock
Multiple you can
I already tested my own
My snake...
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...
Taking trendline support from Jul21, facing resistance at 753, once broken 753 can see a good rally in it. as above EMA20 and RSI above 60 , can see a good momentum once 753 is broken.
Short Below 736
SL 745
Try keeping Risk Reward 1:1 and Book Quick Profits
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
bhartiartl's one day time frame seems like breaking out its previous all time high's closing price, and it is expected to show a upside movement on monday..(not a call, just learning purpose)
Hello Traders,
This video Link below Box is all about the latest analysis of stocks. You will find it as accurate as the price is moving and respecting each level. This is all in simple technique of taken out. enjoy it.
Yogesh Vats
All Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe Stop, is a maximum movement of price that can happen in...
Once again Bharti airtel is ready for BO & new highs in the coming days. Can take entry after the BO level. Keep the stock in your watch list. This is for your educational purpose only.
