Long Bharti Airtel at current market price.
Stoploss below 20 EMA and Exit the trade when it closes below Recent market structure or previous day low.
Happy trading!!
Only for Educational Purpose.
Bharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal.
ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
Airtel give Breakout above imp level of 900 on weekly TF
It continued showed it's upside momentum and Made high of 1220+
Long term investors got Good Returns from the stock
It may come for Pullback around imp Fibo levels
Keep in Radar
* For Education Purpose
Practice and Learn price action setups
● Though share moved a bit far from range i would be more comfortable to enter.
● since its an largecap share , a pull back wont be a problem.
● share have already given a pullback which have eliminated weak hands.
● few easy points wont be hard for bhartiairtel
Consider Above 1245
RR-1:2
.
Levels-Given on chart
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Date : 09-03-2024
Buy Bharti Airtel above 1205
Target of 1216-1238-1258-1279-1300
SL 1182
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
every time when stock break it last swing on upper level it goes up and given a good return
now again stock break the last swing on upper side so we will see a good rally on top level
stock stand on its all time high.
Hey Folks!
In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy .
I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RSI but whatever they choose to enter a trade they...
possible falling channel breakout on BhartiArtl...daily chart...more power above 1140 ...levels of 1160 and 1200 expected if this happens...not a buy/sell recommendation..purely technical based view....
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
BHARTI AIRTEL LIMITED
Target: RS 1260
CMP: RS 1199.70
ENTRY RANGE: 1187-1212
STOP LOSS: RS 1130
Disclaimer: I am not Sebi Registered.
Bharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.
