BHARTIARTL trade ideas
Bharti Airtel has the most perfect connection of TrendlinesAfter making a triple top at 900 level, eventually Bharti Airtel had broken out of the barrier for a higher price level. But it had to retest the 900 support atleast once and thats how its shaping now. Investors may watch out whether the level is broken again or its bouncing out of it. In both cases, thats a opportunity.
BHARTI AIRTEL,1D formed Bullish HammerNSE:BHARTIARTL ,1D
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands.
Bharti Airtel formed Hammer candle on Strong Demand zone and closing above Hammer with marubozu candle with volumes.
Entry Price : 865.95
Target* : 882.40
Stoploss : 846
RR : 0.82
*second target can be 892 for better RR of 1.2.
Saucer Bottom in Bharti Airtel!Hello Traders,
Sharing this daily chart of Bharti Airtel, in which a saucer bottom/Rounding bottom pattern is being formed whose breakout has already happened in June with good relative volumes, As you can see volumes downside, the purple colored volumes show high relative volumes which are required on a breakout to make it sustain on higher levels & also after a breakout stock has sustained higher levels showing strength at higher levels.
SL Price- 830 (below 125 DEMA)
Target- 992-995
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.
bharti airtelIn this educational post, we delve into the airtel index's potential trends and market expectations for September 4th, 2023. Please note that the information provided here is for educational purposes only and should not be considered as financial advice or a recommendation to make any investment decisions. Always conduct thorough research and consider consulting with a qualified financial advisor before making any investment choices. Our goal is to provide insights and understanding of market dynamics to help you become a more informed investor.
Bharti Airtel - Are we done with this rally?Looking at 4 reasons why we are just out of the first powerplay in Bharti
The move from 800 to 900 took about 2 months. Generally stocks trend for 3-6 months
The street is still underweight Bharti (because of Jio) - this result could see it cross 900
This stock has moved from a stock market makers used to love (with IV < 15%) to one where IV > 21% - thats a huge move in perception of the upside amongst market makers
So 1000 is possible on back of solid results - but keep a look for weak earnings, weak guidance - that cud cut this rally short
Bottom Line - Wait for consolidation around 860-900 levels before coming back in. Try to give the results a miss and get in (if at all) after the event.
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their entire capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
Bharti Airtel - Chart analysisAirtel is in bull run but not generating huge returns. From March it has given 20% ROI and from NOV-22 it has given around 2% ROI.
expecting the stock to test 850-860 and can expect to follow same bull trend for next 6 months to give a 10% returns. But if the support get broken, then we can expect a 5% drawdown
Bharti Airtel - Its still consolidating, waiting for a triggerBharti continues to be a good trade on the long side. The markets are a tad soft after a big run from 16800 levels - and a bit of a soft period for the Nifty in the next couple weeks can be expected. So would stay light on the long side as of now - very selective. However Bharti is one stock would stay very productive on because
Shake out on 14th of June - went down to 818, clearing weak longs
Defied the general market weakness last one week or so and continues to consolidate
Fundamentals & analyst estimates - still positive
Need a rapid push above 850 to clear the way to 900
Again if it cant clear 850 on big volume in the next few days, take your profits and get out at 845 or so. (PS - similar thing happened in Britannia a few weeks back)
BHARTI AIRTEL swingBullish on the telecom giant stock as it has broken its important resistance zone and also previuous all time highs , stock good to be bought as long as its trading above 850 levels , stop loss at 820 , any dip towards 860-850 levels is a buying opportunity , targets of new all time highs of 930/990/1050 in coming days 🚀🚀🤓🤓