BHARTIARTL trade ideas
BHARTI AIRTEL (1 YEAR CONSOLIDATION ABOUT TO BREAKOUT ON UPSIDE)Bharti Airtel is consolidating from last September 2021, between 630 to 780. Volume and a good percentage of delivery in the last few days indicate a high probability of breakout. If it Breaks, we can look for an immediate target of 800 followed by 815 (as per fib extension).
BHARTI AIRTEL ANALYSISHello..,
1. airtel traded sideways in weekly.., its exactly bounce back from demand zone around 640-650 levels.
2. already institution players entered in demand zone.
3. now we got a double conformation double bottom formed in day chart.
4.if its break 700 day close basis target would be 770
5.target period 15 to 18 days
Bharti airtel fib levels for swing trade (learning purpose)* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
Bharti Airtel@breakoutBharti Airtel@breakout
Bharti Airtel strong breakout with high volume and momemtum created in day chart. last 5 trade delivery % volume increased to 65%
so strong upside are coming. BUY above 735.6 . NEXT TARGET 747,758,785 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
Bharti Airtel Finally breakout Bharti Airtel is finally making a move, it approaches a long term resistance line on above average volume after forming a
beautiful double bottom on the long term support line and a long trade can be taken on break of this zone.
Stop loss below the recent king candle
Target near the High of the stock.
Keep It Simple
Bharti Airtel again at break out level.Bharti Airtel at weekly BO level. Long once BO above the level of 735 on day end closing for the target price of 782 with SL 720. We can keep trailing SL. Very good momentum in the stock. Trading above 50 as well as 200 EMA level. RSI expecting to cross above 60. on monthly basis RSI has taken the support of 60 levels. This is for your education purpose only.
Consolidation is the time to accumulate a stockBharti Airtel has been consolidating for the past 1 year in the price range of 780 - 630.
This is the time to accumulate this stock and pyramid your position only when the stock given a weekly breakout above 780.
A weekly closing below 630 - 590 range will be our signal to exit the stock.