AIRTELPP trade ideas
4H BHARTIARTL - Long Position1. Bearish Engulfing Pattern formed at Supply and Demand Zone.
2. Fib Retracement occurs perfectly at 50.0 Level.
3. EMA 365 and 150 acts as Support and Resistance at that zone.
4. Take Profit and Stop Loss levels perfectly mentioned with clear details on the Chart window.
BHARTIARTL UNDER BEARS SPECTRUM !!!!Chart Patterns insist me the above titled opinion
REASONS
1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel)
2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below)
3. In the daily timeframe , Head & Shoulders pattern too visible (shown below)
4. There is Consolidation zone(in form of a rectangle box).
5. SL can be day candle closing above 796 (candle escaping out of the box)
6. Target - 730,717,700
7. Strong support down near 675 levels(rectangle box shown)
Let's see how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!
BHARTIARTL BUY Bharti Airtel is a very popular stock in the Telecommunication Sector, It has an average delivery% of 60%(last 1 year) and in a few days the big guns are taking delivery of it with more than 66% with increasing volume.
Technically speaking it is making a beautiful support at 760 levels.
I am planning for a long trade.
EXPIRY is 27th MAY
-1x 25MAY2023 760PE - ₹ 7.5
+1x 25MAY2023 730PE - ₹ 2.75
Prob. of Profit is 72%
Max. Profit is 9.4% of capital
The margin required to purchase one lot is ₹ 47,589
Bhartiartl Ready for BlastBhartiartl is ready to be bullish and cmp. 788.1 with stop loss 755 then targets are 820-850.
Buying reason.
1 --> Price now breaks the consolidation zone and trendline.
2 --> Price ready to go upside.
3 --> RSI is also crossed 60.
4 --> ADX is showing up move and +DMI rises.
5 --> Volume also supports the consolidation and now ready to breakout.
AIRTEL - Intraday Trade || 24th March, 2023 #intradaytradingAnalysis Criteria Used:
1. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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intradaywe can sell on resistance zone or we can buy in breakout depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Bharti Airtel consolidation of 6 weeks, ready for blastBharti airtel in weekly Time frame is consolidating in a range for the last 8 weeks. Also price is moving inside of 9th Jan weekly candle high & low and any side breakout and breakdown will be fast & furious. I would like to go long around 740-750 level which is breakout retest zone also with SL any day closing below 733. If i get entry near 740/750 then my Targets would be 1)780 2) 790 3) 800(being round number) 4) 821 and once 821 is crossed i will bring my SL to 780 level and let this trade run.
Always respect risk, happy trading :)
intradaywe can buy on support zone or we can sell in breakout depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
BHARTI AIRTEL -- MONTHLY ANALYSIS --BULLISH BHARTI AIRTEL --Monthly Analysis-chart setup -- Bullish
1. BHARTI AIRTEL as seen on monthly chart having higher top higher bottom formation setup last 2-3 years after resistance breakout above 500 level
2. Current month candle seen taken support at lower bottom of channel following channel around 740-750 sub level and last few session seen good upmove .
3. This is good entry level as per technical around 750-765 for target 780-800-850-880 as seen higher top of upper channel , and stop loss place bellow trendline support bellow previous month support candle at 699
4. stock currently above 200 HMA on monthly chart as well as golden cross of moving avg.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..* trade at own risk .!
HAPPY TRADING !!