Looking little bit fake break out..this pattern works well if breach previous low..So buy some put on every rise follow the stoploss as per given rate
Do as per your risk capacity
All idea comes from chart, the way buyers are pushing shows " Give a little discount and i ll take it", so if discount stops they have to buy at high price, in order to protect their position from a quick breakeven they should push the price higher enough so that a good support zone is formed above their position....or they just wait for discount and my SL hit 😆....
Technical Analysis for Bharti Airtel (BHARTIARTL):
Stock Name: Bharti Airtel
Chart Pattern: Flag and Pole pattern
Entry: Breakout of trendline and 1132 levels with a bullish candle
Target Time: 1 month
Bharti Airtel consolidating since a long time in 1D and 1H time frame. It has consolidated near the trendline and near the previous close.
Take long position once it breaks the trendline take SL and Target as shown in the chart.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Bharti airtel looking bearish.
It is farming channel breakout failure and retested resistance area .
Stop loss @1050(very small risk Daily candle close besis)
It is good time to short CMP@1032
1st target@960
2nd target@900
3rd target@850
4rt target@780
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is...
The price moving in rising wedge and adhering to Elliot Wave rule.
Impulse wave (i) - from level Rs 248.70 to Rs 561.55
Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15
Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70
Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave...
NSE:BHARTIARTL
Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months.
Wave (5)...
