Ready to break a major resistance
Buy above 192.95
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
Weak pattern in bharti infratel. Bullish Englufing pattern at resist level. short entry after BD of the TL confirmation. below the level of 184 TGT 165 SL 195. This is for your educational purpose only.
Bharti Infratel has formed a cup and handle pattern and at the same time has also broken above a falling trend line, signalling a trending move on the upside.
Target 1: 212
Target 2: 236
Stop Loss: 188
The instrument today gave a BO from H&S pattern with good volume .... Immediate target for short term would be 206 ... Moreover, as drawn on the chart, the move of the instrument from low of 119 to high of 240 is an Impulse and is followed by a triangle correction ... Hence as per EWT, the next wave has to be an impulse of the same amplitude as the previous...
Stock of Bharti infratel is trading below the 20 EMA level & trading below the support line @ level of 197.30. So if the trend line as marked in chart broken than we can take short entry in the stock for the target level of 190. so after understanding market conditions will take the short entry in the stock.
Always do trading as per your Reward to Risk ratio...
!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
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please see on daily charts of Bharti infratel a shooting star candle is seen at the major resistance zone of 230. From this level stock can be move to downtrend for a while. So add the stock in your watch list to see the action. This is purely for information and educational purpose. Those who are planing to buy the stock in next trading session be cautious. will...