BhartiArtel may fall to 515/510 levelsBhartiairtel is looking weak on charts and may fall upto 515/510 levels, there is a H&S pattern in the stock. Initiate shorts wilth tight stoploss
AIRTELPP.E1 trade ideas
BHARTI AIRTEL Ltd DATE: 17/06/2021.
MY FAVOURITE BHARTI AIRTEL IS FORMING A TRIANGULAR PATTERN ,FOCUS ON THIS STOCK AND ADD THIS TO YOUR WATCH LIST.
IF ONCE BREAKS I'LL UPDATE YOU,SO FOLLOW ME
[Diary] Airtel Price Action OverviewNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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90% market will be on Sell side. 514 Breaks then go for sell.
This Trade idea is for 01.04.2021
If Breaks 523 level then go for buy.
If Breaks 514 level then go for sell
90% market will be opening sell side.
Entry points marked in yellow
NOTE: For perfect entry watch it on 5 Min candle.
For Safe Trade:
Book Profits after 1st target hit or book 50% and trail SL and wait for 2nd target to hit Or Close the position.
BHARTIARTL Falling WedgeBHARTIARTL has made a Falling wedge pattern.
Keep an eye on this, will give a good move once breakout happen.
Long on bharti airtelSymmetrical triangle breakout+hammer candle stick+44 days ema .
Target -570------620
Buying momentum #stockstowatchlower price is rejected as the pin bar was showing buyers are active, trend line break shows the confirmation. we can expect a upside move from here.
Bharti Airtel Getting Ready for Big MoveThe daily chart is forming a "Cup and Handle" pattern. Wait till the pattern is complete. Once the stock starts closing above 560 level, it can move up to 620 / 660 / 700 levels initially. Get out if closes below 520.
