BHARTI AIRTEL - Swing Trade - 3rd March #stocksBHARTI AIRTEL (1D TF) - Swing Trade Analysis given on 3rd March, 2024
Pattern: FALLING WEDGE BREAKOUT
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #BHARTIAIRTEL #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
AIRTELPP trade ideas
Airtel setting up for new high again...or a GREAT CONSOLIDATIONAll idea comes from chart, the way buyers are pushing shows " Give a little discount and i ll take it", so if discount stops they have to buy at high price, in order to protect their position from a quick breakeven they should push the price higher enough so that a good support zone is formed above their position....or they just wait for discount and my SL hit 😆. Anyway I trade chart psychology just follows. Trade it with proper risk management.
Bharti Airtel sell given 1135 Target 1045 , and below level On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bharti Airtel ready for fallOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BHARTI AIRTEL- BEARISH VIEWBharti airtel looking bearish.
It is farming channel breakout failure and retested resistance area .
Stop loss @1050(very small risk Daily candle close besis)
It is good time to short CMP@1032
1st target@960
2nd target@900
3rd target@850
4rt target@780
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
Bharti Airtel Ltd. engages in the provision of telecommunication, tower infrastructure, and direct-to-home digital television services. It operates through the following segments: Mobile Services India, Mobile Services South Asia, Mobile Services Africa, Airtel Business, Tower Infrastructure Services, Homes Services, Digital TV Services, and Others. The Mobile Services India segment covers voice and data telecom services provided through wireless technology in India. The Mobile Services South Asia segment covers operations in Sri Lanka and Bangladesh. The Mobile Services Africa handles the company's operations in Africa. The Airtel Business segment offers end-to-end telecom solutions being provided to large Indian and global corporations by serving as a single point of contact for all telecommunication needs across data and voice, network integration, and managed services. The Tower Infrastructure Services segment includes setting up, operating, and maintaining wireless communication towers in India. The Homes Services segment refers to services that cover voice and data communications through fixed-line network and broadband technology. The Digital TV Services segment consists of digital broadcasting services provided under the direct-to-home platform. The Others segment comprises of administrative and support services provided to other segments and also include Airtel payment bank operations. The company was founded by Sunil Bharti Mittal on July 7, 1995 and is headquartered in New Delhi, India.
Elliot Wave Analysis of Bharti AirtelThe price moving in rising wedge and adhering to Elliot Wave rule.
Impulse wave (i) - from level Rs 248.70 to Rs 561.55
Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15
Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70
Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave (ii)
Impulse wave (v) - final leg of impulse wave is on and expected target will be fib 2.618 of wave (i) i.e., Rs 1067.75 with stop loss below Rs 755.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Bharti Airtel Long BullishNSE:BHARTIARTL
Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months.
Wave (5) will complete larger degree of wave iii. Target for wave iii is reverse retracement of length of wave i which is 1058.15/- just few points above 990/-
Target: -
1) Wave (1) = Wave (5). Which is near 990/-
2) Reverse retracement of wave 1 = 1058.15/-