Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted.
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly...
Just like Nifty BankNifty is also showing signs of some accumulation, it is crisscrossing on cloud and there is yet not any indication of clear trend.
Till the break out is given above resistance area and support area shown in chart it would be wise to not take positional trades in it. It is however showing some subdued +ve biased indication due to carry forward...
This pair is trading in a clearly defined bearish channel, and the current price is close to the resistance trendline.
One warning sign in contrast to the overall bearish picture is perhaps today's (Thursday) rather bullish candle. However, since the price is still below resistance, the downtrend remains intact and additional bearish signals that appear here...
intraday and short-term swing call BHARTIARTL
* VALID ONLY - NOT TRIGGERED ENTRY PRICE MORE THEN 2 DAY IGNORE THIS CALL
Entry - Long side
ENTRY PRICE - 375.60
SL - 354.05
T1 - 377.50 (FOR INTRADAY)
T2 - 361.35 (FOR INTRADAY)
T3 - 396.90 (FOR SWING 5 TO 10 DAYS)
WAIT FOR BOUNCE TO SELL..THE BOUNCING PRICE...CATCH THE LONGER MAIN WAVE.....LEAVE THE SMALLER WAVE... LEVELS IN ZONES...PREVIOUS BOUNCING LEVELS.....TO .ENTER ...TRADES...
BEARS WAITING FOR TO SHOW THEIR POWER ...WAITING TO CORRECTION MOVE.....LEVELS AND SL ,,WAVE IN CHARTS.....ENTER AT RIGHT PRICE.....CHANNEL TRADING
ZONES ARE ATTACHED...WAVES ALSO WORKED......U LIKE THIS ..JUST HIT LIKE BUTTON TO SHOW YOUR POWER