Educational purpose only: Airtel making a zigzag correction....
Currently Airtel completed 5 wave cycle with minor degree....
Market level 744 is very important resistance level...
Here correction wave C equal to the Retracement of wave A
Short trade target levels .
Wave C target levels = 625-619
In today's session seen Falling wedge pattern breakout in BHARTIARTL. According to this pattern expected first initial target 755+ and Final target is 835+ in BHARTIARTL.
Stock has retraced from its strong support and closed with a bullish engulfing pattern. Buy above 705, Tgt 753++. For educational purpose only kindly contact your financial advisor before entering any trade.
NSE:BHARTIARTL
let see the price action = price supporting trend line + stock is in strong demand zone + bullish engulfing pattern is a candlestick
overall the price is in value area...
❤ let tell your opinion in comment
pls like & support to reach 100 followers
1. At daily support
2. Support of 200MA
3. At yearly trendline
Analysis : Both upside and down side move can be expected.
if shows signs of bullishness at daily support we can plan to go long
if closes below daily support with good volume we can plan to go short
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Happy trading :)
Bharti Airtel on a daily timeframe Analysis.
Note
This is for educational purpose only.
Please consult your financial advisor before investing or taking any trade.
Will Bharti Airtel Cross the 800 Mark ?
Well Super Trend is yet in sell mode, Bollinger Bands shows chances of reversal while Fibonacci Extension Indicates a run till 845 can be possible in case of a reversal.
just wait for a breakout and hard close, if the breakout above and next candle is white then you can long, and tp at the dashed line, but if the break above and next candle is blue so wait for retest then at trend test long... with SL, similarly when breaking below
Airtel forming a head and shoulder pattern and wedge pattern is nested inside right shoulder. Watch out for price breaking out of the wedge. There is going to be good trading opportunity here.
