AIRTELPP.E1 trade ideas
Bharti Airtel: Remember what was said for Bharti Airtel at 525Bharti Airtel
This is what was posted on July 04, 2021 when Bharti Airtel was at 525
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
- the importance of 560 was derived from February 2021 month candle (Shooting star candle)- where the Open was at 559 and close was at 556 but intraday high was at 623.
That candle reflected that close above 559 would lead to at least February highs of near about 623 levels in quick time
it consolidated for the whole of July but in month end it closed at 561.65. Today Bharti Airtel has made a high of 619 (already 10% rally) in 4 trading sessions.
That idea (posted on July 4) had just 5 Likes but those who followed the idea are reaping the rewards now...
Technical Analysis can give you a lot.... the question is are you willing to listen to charts???
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BHARTIARTL- Symmetrical Triangle Pattern Breakout?1. Stock is forming a symmetrical triangle pattern. The Symmetrical triangle is usually a continuation pattern. it represents a pause in the existing trend after which the original trend is resumed.
2. Volume states that the greater the volume, the greater the force behind the. last 10 days volume is increasing, and the delivery percentage is average <50%, which suggests that investors are taking an interest.
3. Stock is trading near a strong support zone and having a 200DEMA support as well.
4. Stock witnessed short-covering, A decrease in open interest, along with an increase in price, mostly indicates a short-covering.
Thank you.
Happy Trading !!!
Possible breakout in Bharti Airtel...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Bharti Airtel - BreakoutWith strong sector tailwinds with problems to Vodafone. Bharti could become the top premium go to mobile operator taking away a lot of Vodafones premium postpaid clients..
With an increase in ARPU's the profitability can now keep going upwards.
Long above CMP. SIP into this stock slowly over the next 12-18 months..this sector will now see tons of tailwinds..
Bharti: My Experience with False Breakouts in BhartiBharti has in the past twice given false breakouts to reverse after that. Unless Jio hikes price or Voda actually goes down under, I dont think they will break out about 620. I would recommend booking profits around 620 and avoid fresh longs unless one of the two events mentioned happens
2nd target also achieved! 11.3% gain in 15 days !!2nd target of 602 in airtel is achieved today! HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I am attaching the links to the suggested idea and 1st target below.
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
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!
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