Rs 300,000 Cr Mcap
Both the non JIO players have returned -8% this year.
Interesting Wave like stock chart pattern.
With literally no pricing power and huge Capex every decade, wonder when will this industry make any decent profits.
Rs 520 seem to be holding the Fort, once that gives away...its will be a lost signal.
Stock has formed a symmetrical triangle on Daily TF and has been moving around its support zone from a long time.
Wait for stock to break 538 for targets of 550, 559 and 586
On the contrary if stock breaks 514 on the lower side then target of 500 can be seen in 1-2 sessions only
P.S. This trade can take few days to trigger however the movement can be very fast,...
Stop Loss 524, Target 533, 536 for Intraday.
Stock has broken trendline and looks good to touch the resistance zone of 535-536.
Go long for tomorrow if opens flat or small gap up.
P.S. If stock opens huge gap up kindly ignore the trade as set up will be ruined
BHARTIAIRTEL seems to have entered a symmetrical triangle formation. Might breakout.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.
Bharti airtel will attempt to take a strong support around 414-415 levels.
If the resistance is broken, then the down side could be huge and profitable.
Sell below 414. Target at 388. Stop loss at 427.
The stock is forming a wedge pattern, indicating a halt. lets wait till a market tells us where is it headed ??
Buy/Sell only when price clearly crossed the level. Beware of false breakouts. Let the candle close outside of the wedge and let the volume be above the average. This helps to minimize the possibility of false breakout
This is not a recommendation, Its...