BHARTIARTL trade ideas
BULLISH OR BEARISH ?Hello guys and mates and respected seniors first of all Happy new year to all here I am sharing the first trading idea of mine in the year of 2023 what I observe is that Bharti Airtel trading in a parallel channel from last many sessions so I try to find out key levels for support and resistance will try to buy after resistance and will sell after support break, so from top if it break 825 levels we can go for long for the target of 845 and if it will break support from below of 801 so we can go for sell for the target of 760 levels so stop loss must in both condition is hourly candle close in opposite direction.
BHARTIARTL | Can play reversal here ?• Although trend is bullish , we can try reversal if safe opportunity will be there .
• let play one reversal , As facing pressure from upside .
• Resistance trendline from upside . (Channel made also)
• Entry:- 823.95
• Downside Supports can become our targets.
Targets :- 804.20 , 781.35
• Stop Loss / SL :- 842.75 or trendline
How to Trade with Support & Resistance Leve - Bharathi Airtel How to Trade with Support & Resistance Levels
Always Try t buy Near Support Zone --- Airtel Support Zone - 765 - 780
Always Book Profit Near Resistance Zone --- Airtel Resistance Zone 860 -865
Exit From Stock if Any Candle Closes Below Support Zone - 765 - 780
Time Frame - Weekly
bharti airtel elliot wave analysis bharti airtel weekly chart analysis
1 Bharti airtel weekly chart 3rd wave start 19 oct 2020 and 5 dec 2022 . internal wave of 3rd wave count (1,2,3,4,5)
Wave (1) start 19 oct 2020 this time price of Bharti Airtel is 395 and end this wave 1 feb 2021 price 611.55
Wave (2) start 2 feb 2022 price 611 end this wave 28 june 2021 price 510
Wave (3) start 28 june 2022 price 510 end this wave 22 nov 2021 price 781
Wave (4) start 22 nov 2022 price 781 end this wave 11 junly 2022 price 628
Wave (5) start 11 huly 2022 price 628 end this wave 21 mov 2022 price 860
this stock last wave 5 internal sub wave 1,2,3,4,5 complete daily chart and 2 or 4 trend break and pattern confrim downside
weekly chart histogram move neagtive area
Downtrend Parallel Channel breakout in BHARTIARTLBHARTIARTL
Key highlights: 💡⚡
📈On 1h Time Frame Stock Showing Breakout of Downtrend Parallel Channel Pattern .
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement up to the Breakout target of above 860+.
📈Can Go Long in this stock by placing a stop loss below 830-.
📈 breakout this can give risk:reward upto 1:3+