eicher motor - symmetrical triangle near 52 week highfollowing in symmetrical triangle with currently at top trend line if stock retest above trendline must add more quantity
BHARTIARTL trade ideas
Bharti Airtel: Intraday AnalysisBharti Airtel consolidating in a parallel channel after a rally on 15 min time frame.
Swing Opportunity in Bharti AirtelGo Long above 542 for Targets of 565, 588, and 611 with SL 519
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.382 Fibonacci level.
3. Also there is a trendline that is providing support to the stock and today it formed Bullish Engulfing.
Bhariti Airtel NSE:BHARTIARTL
let see the price action = watch out for range breakout,
Buy Above =581
CMP=580.20
target =605
ST=570
IT IS MY OWN ANALYSIS LET TILL YOUR OPINION IN COMMENT..
Bharti airtel on the verge of a good breakout before the resultsBharti Airtel price is moving above the previous resistance after forming a nice rounding pattern and crossing the previous resistance level with a bullish candle. It is very similar to what happened to DLF script.
Airtel LongHad initiated a long position in cash I airtel at 540. Lifetime high volumes have been obsereved which have beeen declining of late probably due to rule tweaks by SEBI. This has been the case with mostof stocks. But airtel and itc both have not participated in the stellar market rally. They are yet to catch up! Both have formed good set ups for a rally in near future. Let's see how it goes!
airtl shortem targethi this is the finall updatejlh.l.hlhllllllhk.kh khlhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Is Bharti Airtel really very bullish?Though Airtel has given a breakout from the triangle but it is still trapped in a zone and there is a lot of resistance before it flies, so be careful before you make any new position.
BHARTIARTL daily chartlooks great candidate for a breakout after a very long consolidation .comment if you want such positional trades.
Bharti Airtel is in Range Bharti Airtel is in Range and wait for breakout.
If it breaks 580 with good volume one can go long with minimum risk.
BHARTIARTL Long ( Breakout )Due to the formation of a symmetrical triangle pattern, we may expect a breakout in a few hours or days.
There are many chances for a breakout to the upper side but there is still a little possibility for a breakout to the lower side of the triangle
