BHARTIARTL trade ideas
Bharitartl BearishSell Bhartiartl closing 757.1 with sell 775 then targets are 725-695.
Selling Reason.
1 --> Price Break 200 ema and also break the range.
2 --> Diamond Pattern and hold the time and breakdown the Trend.
3 --> RSI is break 40 and close below 40.
4 --> ADX is show the BEARISH move and -DMI is rise.
5 --> Volume is also show the Breakdown.
Cup and Handle pattern breakout in BHARTIARTLBHARTIARTL
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Cup and Handle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 797+.
✅Can Go short in this stock by placing a stop loss below 775-.
✅breakout this can give risk:reward upto 1:4+.
intradayif price is taking rejection from 780 level and making bearish view then you can short it.
if price is giving breakout with bullish candle then you can buy it .
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Megaphone pattern Breakout FailMegaphone pattern is a continuation pattern which is formed When market is very volatile. For the valid megaphone pattern atleast 2 Higher High and 2 Lower Low should be present.
Bharti airtel is has a Trendline in 4H time frame if it breaks below we could see a good downmove.
Bharati Airtel Short term Trading Idea Updated Support and Resistance For Bharati Airtel Stock
Bharati Airtel Support and Resistance For Trading
Taken Support on Demand Zone Lets See Which Target will Hit
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intradayconsolidating in a range for 22 days then it fill the gap. now it is sustaining in small range for 2 days
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Airtel - 200EMA SupportNice little super tight rangebound consolidation happening in Airtel. The 200EMA has acted like a strong support after the gapdown.
Post such tight consolidation the stock can move powerfully in either side. I am slightly biased to the upside but keeping both plays open here is the trade on both sides..
With ARPU's increasing and vodafone loosing customers it leaves telecom as a 2 player market..both will become cashcows because there will be no reason to compete beyond a point.
Long above 781 with a stoploss below 760.. (If it moves to the upside then first the gapfill needs to complete and then if it continues to move the trend could change)
Short below 750 with a stoploss above 770.. (The 200EMA has been a strong support and if that breaks it could become a strong resistance)