BHARTIARTL trade ideas
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 🚀🚀🤓🤓
BHARTI AIRTEL 1H TF ShortI would look for shorting opportunities considering the huge rejection wick on the trend line, Please take trade according to the market direction and also wait for 1Hr or 30mins candle close for confirmation.
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Bharti Airtel - Gathering steam to test previous high of 8504 Reasons to why Bharti is a good 4-8 week bet - A 10% move is not completely unlikely but 5% is probably par for the course
Weekly charts setting up consolidation, as is the monthly
Good results - clearly profits are what leads the price for Bharti (see the charts)
Satisfies the Mark Minervini criteria template for a strong stock
Options are cheap - just 18% IV which is in the bottom 20%
BHARTI AIRTEL
Prices have moved out of the consolidation below 800, suggesting strength.
Weekly MACD has also turned positive.
Weekly RSI sustaining above 40 is a sign that the up-move is intact.
Prices are likely to resume its longer term up-move and head towards a new all time high.
Bullish outlook remains valid as long as price sustains 790.