This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Bharti airtel is looking bullish on daily chart with a breakout of H&S patern.
MACD and RSI also positive with good volume.
Nearest target can be 780 to 800 followed by 900.
Bharti Airtel Ltd - 25.03.2022
The stock is trading @ 709 levels
There is a SPINNING TOP in Daily Charts
The prices are above EMA
There is a HAMMER in Weekly Charts
There is a RESISTANCE Zone @ 726 levels
RSI is 54 in Weekly Charts
Let the prices go above 729
Watch out for the price actions
After making the double top on weekly, it has taken a support on previous trend line, which is also 61.8 from previous swing low.
Also which happens to be 20 small band support, so that is three confirmations, for it to make another upswing.
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 that...
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...
NSE:BHARTIARTL
#BHARTIARTL trading @ resistance and trying to BO with Good volumes.
Post BO can expect good momentum.
Above candle closure may try 720 CE
Happy Trading !!
NSE:BHARTIARTL
Observations:
1) On 1 day time frame,it closed just below 21DMA.
If we apply Fib retracement for recent uptrend, then we can see that major support is at 687.90 level and major resistance is at 712.85 level range.
Today's daily candle look bearish. If tomorrow it trades below today's low then it will invite more profit booking.
Please...
BUY once it closes above the stage in 1hr time frame till the end of the day.
Cannot give targets as the markets might be very volatile after DIWALI... trail your stoploss with HHHL pattern in 30 min time frame.
FOLLOW me for more such content ahead.
Tille then,
HAPPY TRADING:)
This is follow-up on Bharti Airtel. Can check link to related ideas.
Target 1 achieved. More than 9%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Telecom Stocks picked up pace after the recent relief package from the Government.
Bharti Airtel being one of the top Challengers in the Telecom space is expected to show some upside, given the facts that :
1. It broke a multi year Trend Resistance
2. A Bullish Pennant is formed
3. Sustained Ride with two Bull Flags
4. Above MA Volume
5. ADX above 45 - Strong...
![BHARTIARTL: Simple Trade Setup | BHARTIARTL | 22-10-2021 [ INTRADAY]](https://s3.tradingview.com/j/JhODtr0k_mid.png "Simple Trade Setup | BHARTIARTL | 22-10-2021 [ INTRADAY]")
