Bharti Airtel Ltd. - Breakout OpportunityDate : 15-Dec-2024
LTP : Rs. 1,681.75
Targets: (T1) Rs. 1,779 --> (T2) Rs. 1,944
SL : Rs. 1,511
Technical View:
• NSE:BHARTIARTL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching a lifetime high of 1,779 on 26-Sep-2024, it has retraced 15% to 1,511 level.
• NSE:BHARTIARTL has breakout from it's secondary downtrend on 13-Dec-2024 with higher than average volume.
• NSE:BHARTIARTL has closed above 20 DEMA and 50 DEMA on 12-Dec-2024 and currently trading above 20 DEMA and 50 DEMA.
• RSI is in buy zone and trading at 63.85. MACD has given bullish crossover on 13-Dec-2024 and trading at 5.19
• Looking strong to start a new swing from here.
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Bhartiartllevels
Bharti Airtel Ltd - 25.03.2022Bharti 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
Bharti Airtel Chart Analysis !! #Airtel📈 Bharti Airtel 📉
Bharti Airtel is nicely taking support at Upward Trendline since September 2021 and starting from Jan 2022 it is facing a resistance at 730-735 zone.
This pattern is finalised as a Triangle and on verge of break out.
My View : Most likely breakout will happen on upside as it is not forming lower lows anymore.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
BHARTIARTL SHORTI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.