BHARTIARTL trade ideas
Bharti Airtel - 7th Jan 2022 (Educational Purpose only)Bullish due to below reasons:
1. BO happened in long term Resistance area of 600 in Aug'21
2. BO in OBV happened in the same month
3. BO happened after long term consolidation of more than 13 years
4. Next target for stock can be 2.618% which comes to 1105 (50% + upside from current levels)
Chart on BHARTI AIRTELChart on BHARTI AIRTEL
CMP @ 691.30
Short Term Target @ 699.35
Professional Target @ 735.00
Long Term Target @ 762.00
Average @ 655
I am expecting BHARTI AIRTEL to move up and achieve short term and professional before next earning result..
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BHARTI AIRTEL SHORT-TERM SWING TRADE!Hi everyone, Bharti airtel short-term swing trade consider buy above: 389 target: 733 stoploss: 368
LOGIC BEHIND TRADE: Recently we`ve seen correction in stock & it made doubble bottom & formed W pattern and stock given dynamic trendline resistance & above 239 static resistance will be break. (Target identified from harmonic xabcd pattern level 1.131) & stoploss is previous swing low. NSE:BHARTIARTL
Bharti Airtel -Book a seat on the Ride.Share has crossed 60 RSI-13 on a daily Pattern and is trading above SMA 20.
A bullish Slash Candle Formation can also be noticed and has broken the previous level. The stock can be in for a ride.
Ride the Stock with trailing stop loss at 50 EMA or at the low of the alert bar (Doji Candle) with a profit Ratio of 1:1.5.
Educational Purpose only.
The author is not responsible for any loss you make in the real market.