BHARTIARTL trade ideas
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.
Bharti Airtel SwingBharti Airtel Swing can be taken for following reasons :
1) Stock is in weekly demand
2) Daily Timeframe after long time has broken out of consolidation and has given pullback indicating Bullish momentum to the upside
3) Stock also has bullish structure on 4HR
All timeframes are in confluence of each other. This confluence are enough for us to take trade
4H BHARTIARTL - Long Position1. Bearish Engulfing Pattern formed at Supply and Demand Zone.
2. Fib Retracement occurs perfectly at 50.0 Level.
3. EMA 365 and 150 acts as Support and Resistance at that zone.
4. Take Profit and Stop Loss levels perfectly mentioned with clear details on the Chart window.
BHARTIARTL UNDER BEARS SPECTRUM !!!!Chart Patterns insist me the above titled opinion
REASONS
1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel)
2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below)
3. In the daily timeframe , Head & Shoulders pattern too visible (shown below)
4. There is Consolidation zone(in form of a rectangle box).
5. SL can be day candle closing above 796 (candle escaping out of the box)
6. Target - 730,717,700
7. Strong support down near 675 levels(rectangle box shown)
Let's see how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!