1.) Stock bounces every time it tests .786 Fib support of all-time low and high
2.) Holding this support since Oct 2008, for 10 long years.
3.) Stock always bounces when RSI came near, at or went below 40.
4.] Similar Price Action near Support Range of 240-260
Airtel today, showed movement aroud 30 % in the stock price. The heavy OI change was reason backed by this rush. Also Airtel, had seen around 2000 OI change on 14th November as well.
Please check out the Participant wise OI involvement on the NSE Website for 15th November, 2019. The long positions by retail clients and short by FII, DII and PRO's, could be the...
Key Levels for BHARTI AIRTEL are : t.me - JOIN TELEGRAM CHANNEL
Please trade with caution and consult your financial adviser before trading. You can...
NSE:BHARTIARTL Long at 336.30 with SL 334.95 and TP 338.95
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Airtel has dropped 6.5% already, expecting a rebound at zone set at 344.5 -342.1.
Waiting for a long on Bharti Airtel @ 344.50 with SL 3 points below and TP 6 points above. Risking 0.5% of account size
Bharti Airtel has been on a good run recently. Technically, it's trading along a rising channel. The current price i.e. closing price on 4th Jul of around 362 has run the stock in to a strong resistance area spread between 360 and 365. For the recent bull trend to sustain, a break in closing basis above that resistance area is critical.
From technical stand...
There's a H&S on the 1hr time frame not sure it will work or not bcoz there's a bearish pin bar closed at the weekly time frame. price halt at 50% retracement so the chances is either side fifty-50 but, the move will be strong enough to archieve any of the target price follows in a short period of time. also another point is that cci making a bearish divergene on...
Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
Guys BHARTIARTL Reject previous High keep watch and take profit
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is...