BHARTIARTL trade ideas
Airtel trade set-up shortEducational purpose only: Airtel making a zigzag correction....
Currently Airtel completed 5 wave cycle with minor degree....
Market level 744 is very important resistance level...
Here correction wave C equal to the Retracement of wave A
Short trade target levels .
Wave C target levels = 625-619
Bharti Airtel at crucial level1. At daily support
2. Support of 200MA
3. At yearly trendline
Analysis : Both upside and down side move can be expected.
if shows signs of bullishness at daily support we can plan to go long
if closes below daily support with good volume we can plan to go short
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Airtel stock triangle pattern is observed. I am a new trader. I observed this triangle pattern on the stock. I marked the support and resistance levels. I think there is a bullish signal after crossing this triangle pattern. Experienced traders, please correct me if I am wrong. Please share your thoughts on this graph. Advance thanks happy trading.