Airtel bullish patternConsolidation, consolidation, consolidation and may be able to reach 600 again in coming days.
AIRTELPP trade ideas
BHARTIAIRTEL | 20% Upside Move | Resistance RetracementAirtel is taking retracement to it's last major resistance (which as also the Last ATH
CMP : 622
SL : 596
Target : 745
Why I am bullish on Airtel - Macro trend analysisThis is a long-term analysis for the telecommunications giant - Bharti Airtel .
There are two primary market trends in the broad perspective :
1. Uptrend/downtrend
2. Accumulation/ Distribution.
The accumulation phase is the boring phase , when smart investors accumulate positions and get in early. the uptrend/mark-up phase is the euphoria phase when the retail market participation increases, indicated by surge in volume, and smart investors slowly start unloading their positions, until the uptrend momentum has subsided, followed by a new accumulation phase and another possible mark-up, or a distribution phase followed by a downtrend, which is also known as a bear market. Till the time price has moved away from the range it has been trading in, we do not know whether the range is accumulative or distributive in nature.
As you can see in the chart, Bharti Airtel has been in an accumulation range for more than 10 years, and it seems as though we have finally successfully managed to break away from the range to the upside. The longer a stock has been in accumulation, the stronger the momentum once price breaks away from the range.
Let us see a stock that has done something similar. It is none other than, Reliance Industries .
You can clearly see how quickly the trend progressed after leaving the accumulation range.
Key takeaway points from the analysis and comparison
1. Airtel has been range bound for a longer period of time as compared to Reliance. This implies that Airtel has spent more time in the accumulation phase.
2. Airtel broke out of the range in early 2020, but threatened to fall back into the range, only to deviate back above and hold the range-high as support for several months. Deviation and reclaim as support is considered a strong bullish sign, indicating that buyers are stepping in to defend the range high as support.
3. Reliance never back-tested its range high as support before its second mark-up phase. Airtel back-testing range high as support is giving buyers more confidence that the stock is ready for price-discovery mode.
4. Volume analysis - Airtel has a better volume profile, with depleting low volume during accumulation phase and a surge in volume upon breakout attempt, and is showing continued volume strength. This setup was not seen in Reliance.
Conclusion
With this we can conclude that Airtel is giving us a nice bullish setup for a long term trend change shift and tackling new all time highs. The Indian stock market has been in a bull run ever since the year 2000, with corrections along the way (two major corrections in 2008 and 2020). As long as this macro bullish structure of the Indian market continues, we can expect Bharti Airtel to perform strongly in the coming years and have a similar run up as compared to Reliance Industries.
Thank you. Do leave a like/comment if you enjoyed the analysis.
Note: This is not financial advise. It is for educational/entertainment purposes only
bharti airtel breakout in 1H timeframelooks like a breakout in bharti airtel today on 1H timeframe.. 570 targets can be seen..
LETS WATCH
BHARTI AIRTEL: BEAUTIFUL CUP AND HANDLE ON WEEKLY CHARTPlease check the chart. All the details are mentioned in it. Do not take positions based on someone else's ideas. Do your own study. This information is for educational purpose
Bhartiairtel Go Long for Short termBuy BhartiAirtel above 623.50 once 1 hr candle close, wait for the target of 736 / 816. Keep Stop loss 560 in day candle close
bhartiairtelDifferent stages of market
Accumulation :This phase shows muted volumes
Distribution: This phase shows muted volumes
Advancing :This phase shows an increase in volume
Declining:This phase shows an inc in volume
Can also categorise as uptrend downtrend and sideways
Bharti Airtel Breakout.Bharti Airtel seems to be at its breakout level. If the abopve trend breaks tomorrow, we can expect nice more on both LONG or SHORT side.
BHARTI AIRTEL SWING TRADE - AUG -21 EXPIRYBHARTI AIRTEL SWING TRADE - AUG -21 EXPIRY
Target 10% till Aug expiry, Expect target till 700 by Aug expiry
Why Long -
- Long term resistance breakout
- High volumes traded
- Amongst top gainers recently from 2 weeks
- Idea bearish - fundamentally
- RSI trading above 70
- Double bottom pattern breakout
AirtelAirtel @ 640 is just starting.....
Breakout after the consolidation of 14 years....must for long term holding.....
BHARTIARTL NICE BREAKOUT DONE WITH GUD VOLUME. SWING TRADEAs u see on Chart.
Price consolidated long time in the range and given nice breakout of the range with very good volume forming W pattern.
All the important levels mentioned on the chart
SWING TRADE OPPORTUNITY
BUY AROUND FOR TGT - 680+ WITH STRICT SL @ 590
Bharti Airtel Ltd - ATH breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
ATH Bo in AirtelBharti Airtel BO of 1-year-old TL. making new High at cmp. Looks good for positional traders at CMP. SL below the BO area.
BHARTI AIRTELThe breakout of Bharti Airtel is started and will soon hit 660 from 630, all we have to need is a big volume at 660 so we can touch a higher number.
BHARTI AIRTEL Demand Zone FOR SWING TRADING = 60 MIN DEMAND
Bharti Airtel is in Uptrend on 4hour time frame and on 60min time frame there's a good demand zone where price is likely to take a bounce.
As a retracement trader one should wait for price to pullback at demand zone.
A good 5:1 Reward to risk is can be expected from this setup
Bharti Airtel Is @ ResistanceBharti Airtel's weekly chart looking good. Currently, it is @ resistance
Bharti Airtel - Trade planBharti Airtel will plan entry only on below levels being met:
- In breakout zone from rounding consolidation range, entry only above 625 which is previous resistance.
- Preferably with volume expansion.
- Target may be 740, SL - 555
- RS is positive and rising, MACD positive, Super trend buy signal, price action is supreme.
Don't jump into trade, wait for levels as per chart,, as reversal may be possible from resistance levels.
*Only for educational purposes, not a recommendation.
BHARTI AIRTEL | ASCENDING TRIANGLENSE:BHARTIARTL
🔴 Facing resistance at the moment....
🔴 Wait for the breakout and go long after the breakout is done...
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
All time high breakout in AirtelBharti Airtel is about to break the all-time high at 620-625 levels on the daily chart. This will be a crucial breakout for a bullish view. Watch the chart and trade accordingly.
go for longascending triangle is forming which is a sign of bullish market, after it break it's resistance wait for retest and than go for long position. educational purpose only....
AIRTEL breakout potential if resistance taken away#BharatiAirtel wick shows pressure from resistance but watch out for a green candle close above neckline
