BHARTIARTL trade ideas
Bharti On Good Support ....Soon Will Hit 740+++As of its on its Trendline support which is looking strong and Accumalation Zone .....
One can Take trade @ CMP 702 For Target 740++
Safe one can take above 715 for 740++
With SL 682
Something Happning in Telecom Sector becz Last Week Idea Perform gave 30% return in 3 Trading Sessions....
BHARTI AIRTEL LTD Breakout In 1HI think there must be a good break out in BHARTI AIRTEL LTD stock in the one-hour time frame as it was obeying the laws of triangular pattern and if you have seen any breakdown in the stock I would not recommend you to take a trade because there is good support in the one-hour time frame
If there is a breakout in one-hour tie frame then the target and stop lass according to your brains and emotions
Bharti Airtel - Bearish Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance.
Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises.
This is just a short-term trade, in fact, I'm super bullish on Bharti Airtel for the long term.
Educational Price Action AnalysisPrice action + OI
If a script is giving high close (Monthly) then if it give close above next resistance then it will give a sharp short covering move. So in this case if 750 call is having 35L share OI on 30.11 1.45 PM. as and when it cross 753 then target is 781.. SL is 690/-
ADX is strong and RSI is also in bullish zone.. these can be combined with Price action analysis.
Bharti Airtel Looks strongBharti Airtel Looks strong
Reasons/Traits :
• Harmonic pattern gets activated once 708 level is sustained to form a bullish bat or crab pattern
• Price closed today above 13 EMA
• Price took support @ 0.382 fib retracements levels from higher high and closed above 0.236 today
• RSI and volume increasing
What can happen next :
Scenario 1 : Price sustaining above 710 can take it to 720/740/760/780/800 levels
Scenario 2 : Price break down below 675 levels can take it down to 650/640/620/600/580 levels
(right issue can lead to revision in prices, need to see)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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[ INTRADAY ] BHARTIARTL LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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