Airtel Airtel @ 650 is looking good at this level.
The recent sell-off did no harm to Airtel and the price action is looking strong. Buy and accumulate at this price.
BHARTIARTL trade ideas
TRADE PULLBACKS LIKE A PROAn Uptrending stock gives many opportunities to enter in it.
But...we miss many of them assuming it as a reversal or before we enter the stock moves much higher again and Risk/Reward ratio is unfavourable for our trade.
Here I am with another tried and tested strategy to find whether it's a pullback or trend reversal and the most IMPORTANT...enter before the stock moves much higher.
So let's discuss Step by Step from STOCK SELECTION to ENTRY,STOPLOSS,EXIT.
I will also be discussing about the candlestick patterns and indicators for better accuracy.
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1.STOCK SELECTION:
.Broader market has to be in a uptrend (BULL MARKET)
.The stock should be from an uptrending sector
.The stock has to be in a STAGE 2 uptrending structure to QUALIFY as a stock for pullback.
For detail explanation of STAGES I have linked a post below:
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2.MOMENTUM INDICATORS
.RSI-- It has to be above 50 to increase the accuracy of the trade
.EMA 50--Slope of EMA 50 has to be positive
.MOMENTUM--If it is positive then it's icing on the cake
.ADX--While the stock is falling ADX should also fall to give a shade better trade.
.VOLUME--Should be low when the stock is falling as compared to Going up
Keeping things simple : IF THE STOCK QUALIFIES ALL THE ABOVE CRITERIA OF SELECTION AND INDICATORS THEN IT IS NOT A TREND REVERSAL
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3.CANDLESTICK PATTERNS
.Low body red candles are a very good sign
.Long wick rejection from the bottom
.Very less big body red candle (NOT MORE THAN 2)
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4.ENTRY
The most important part of pullback trading is to enter before the stock moves very high and also not wait for months for it to move.
STEP-1: Mark the candle of previous high as '0' in daily time frame.
STEP-2:Keep counting the candles from 1-20 as shown in the below figure: (MIN 8 has to be there)
STEP-3: Now when the count is completed mark the lowest price of the stock within the pullback range as 'PIVOT'
STEP-4:Now switch the chart to 1hr time frame as shown on the chart of HDFC Ltd.
NOTE: Candle 0's high has to be the high within these candles (MIN 8)...if not then this strategy might not work well.
STEP 5:Draw a stage structure (BASE) and our entry will be the breakout of this range (50%) and pullback to this STAGE (50%)
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5.STOPLOSS AND EXIT
STOPLOSS: The pivot point will be our stoploss
EXIT: After the stock has broken out of the stage EXIT after 20 counts (It sounds theoritical and funny...but it do works most of the time
Look at the EXAMPLE OF RELIANCE with the concepts mentioned above:
You can also see the EXAMPLE OF AIRTEL's previous pullback
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NOTE: Like all other strategies even this strategy is not 100% accurate.
I hope you liked this strategy of pullback trading and it might increase your chances to make profits in the market.If you have any doubts do let me know in the comment section below.
I will be posting a lot more strategies for trading/risk management in this channel ahead.
FOLLOW this channel to stay updated as soon as I upload it.
Till then,
HAPPY TRADING :)
BHARTIARTL Tring TringA break above 699 levels , stock might attempt to make a move towards 712/722 with an SL of 683
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Fib targets are active in Bharti Airtel Bharti Airtel has broken the trendline and has retested itself too.
RSI has cooled down and seems ready for a up move in short and mid term.
Simple Trade Setup | BHARTIARTL | 22-10-2021 [ INTRADAY]NSE:BHARTIARTL
Observations:
1) On 1 day time frame,it closed just below 21DMA.
If we apply Fib retracement for recent uptrend, then we can see that major support is at 687.90 level and major resistance is at 712.85 level range.
Today's daily candle look bearish. If tomorrow it trades below today's low then it will invite more profit booking.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame we can see that it came back and trading in the parallel channel again.
Today it broke the middle trendline of it and closed below it.
It has chance to bounce back from the bottom trendline of parallel channel.
If it trades above middle trendline then it can move up till the upper trendline which will work as resistance at this moment.
Sustainable breakout of upper trendline will make it bullish again.
Sustainable breakdown of bottom trendline will make it bearish again.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BHARTI AIRTEL BHARTI AIRTEL
Managed to close above the round number 700
Breakout of pattern retest also done
If breaks the previous day high then looks good .😍
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Bharti Airtel - BullishSideways consolidation of past few days is about to break
Holding both Major Ma's in hourly
Stage 1 accumulation about to complete
looks like stock is getting ready for new highs
Bharti Airtel Trade Setup For TomorrowAs you can see in the chart, 708 level is a strong resistance two times stock touched this level,
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Today also share try to break the 708 levels but unable to break the resistance.
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For tomorrow you can buy this trade once it goes above 710 for the target of 727.
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Try to avoid the position if stock give gap up opening.
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What's your view on this comment below in the box.
BHARTI AIRTELBharti airtel is giving breakout of triangle pattern . Small channel breakout. upside possible move 8-15%. ( I am not a sebi registered ) it is just and eductional purpose.
Bharti H&S likelySell below 672
T 605
SL 711
Those having for long term can think to book some profit.
AIRTEL HAS A LOT OF STEAM LEFT?BUY once it closes above the stage in 1hr time frame till the end of the day.
Cannot give targets as the markets might be very volatile after DIWALI... trail your stoploss with HHHL pattern in 30 min time frame.
FOLLOW me for more such content ahead.
Tille then,
HAPPY TRADING:)
flag symbol on the airtel 15mins chart the bullish flag symbol has appeared in the 15mins chart ... buy the stock within a min to make profit.. good luck
bharti airtelbreakout from the box , at lower end of channel. Good opportunity.
for education purpose only.
AIRTEL BULLISHBuy Airtel at current levels for a swing high of 750 or more.
For educational purpose .
Airtel - Breakout possible tomorrowThere can be an easy move on either side of 15 to 20 points, more probability on the sell side as per trend
Bharti Airtel harmonic patternGood opportunity for buy
Buy @CMP
Target 725
Keep SL swing low in 1hr time-frame
AIRTEL swing/positional trade setupPrice has broken out of a multi-year resistance line and is retesting the 38.2% fib level. Volume has raised with upward move and has reduced with retracement which is bullish sign.
BHARTIARTL Flag PatternBHARTIARTL perfectly playing between resistance and support need to track for the upcoming week so either it will break up or below we can also take moving avg as a stop loss in both cases if required.
Bharti3IB pattern is there in Bharti Airtel. Volume has also shrink with price movements. So it may be possible that supply is over and next move may come soon. Long can be initiated above last week high
Bharti Airtel - Long trade - SL 680 Bharti Airtel, unlike its nature, is stuck in a very narrow range. If it had to go down, it would have happened by now. But the fact that it is holding its upper levels is a very positive sign for the bulls. Plus, it's available at a very attractive RR, 680 should be the stops, and targets should minimum be a new high. Watch for its price action early next week to take positions in this stock.
Disclaimer- I have long positions in this stock, please consider your risk and reward. Bharti Airtel tends to make very volatile moves.
BHARTIARTL in a falling channel on 15Minit is trading in a falling channel range on 15 Min chart. and currently trading near support level of 680.
Airtel symmetrical triangleAirtel is forming a symmetrical triangle pattern followed by a head and shoulders pattern on 30 min time frame Can be a good swing trade upside targets can be 728 and the all-time high downside target can be 650 volumes are low as the pattern is forming could expect a breakout on Tuesday.
