According to candle stick pattern as well as support and resistance, any one can short BHARTIARTL below 718 with stop loss 723 for 708, and 700 target in intraday.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Impulsive fall with bearish flag suggests that there should be a pending correction in the stock. One should sell the stock with SL of 720 for tgt of 650.
Cup & Handle retest done in monthly
Descending triangle in hourly
Retracement towards 200MA in 2hrs
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Cup and Handle pattern confirmation on daily chart and the downward move has started.
Target of 394 with 30% pullbacks in the coming weeks.
Also note that RSI has sharply fallen below 40 levels indicating a strong downward pressure.
Bharti Airtel Test 575 more then 4-5 Time in DownTrend With Strong Up Side Trend line Resistance Following
We Can Short Below 575
Target As Mention In Chart
This is Educational Purpose Only
as we can the support trendline level which is 515 if the price sucessfullly breakdown the trendline and give retest confirmation of breakdown around the level of 514 the we can see fall in that price for the tgt of 505-500 and als o h&s pattern are making.
Hi Traders,
1. A few weeks ago I shared my first post for Bharti Airtel where I shared a buying zone. You can see below how price moved around this zone taking support several times. First changing its sentiments to travel in five-wave structures to a corrective pattern (ABC). The journey in these weeks you can better understand the first fig. I...
