BHARTIARTL trade ideas
Bharti Airtel in in range Bound Area,Good time for Strangle strategy , Lets see how must it respects the Trend line.....
Sell BhartiAirtelThis is a trend based analysis of NSE:BHARTIARTL . Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, a Descending Triangle pattern is emerging further confirming the Bearish bias. For the near term future, going short looks more profitable. Initial target of 5% on the short side is possible. This will be very profitable if one plays the futures once the Descending Triangle is confirmed.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
Late night Technical analysis talk - Give me 12 mins if possible👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
👑 Important levels ( also most of it depends on your entry and mindset during trading hours )
✣ A 1hr close on 685-687 levels can trigger a breakout as explained in the terms section above
✣ Risk of 3% can be taken at the point = 660 points to be specific from entry
✣ Targets can be 1- 722 and 2- 750 for your 5% and 10% up move profit booking of the initiated swing trade
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Bharti Airtel - Triangle breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
#bhartiairtel in a strong accumulation zone.#bhartiairtel in an #accumulation zone and formed a triangle pattern, watch-out for price-action to breakout on upside of triangle or one more swing down to bottom of triangle and bounce back. levels are mentioned in the chart
Airtel - will it reach 568MACD has given buy signal.
Volumes are not higher.
5dema may cut 13 n 26 dema in 2-3days
need to watch this stock for next 2-3sessions , can go till 568
Bharti Airtellooking strong taken triangle base support good consolidation can show 550/568/600 with support of 520 on closing basis.
BHARTIARTL on the verge of long awaited breakoutBHARTIARTL on the verge of long awaited breakout testing the first trend line. Volume almost dried out in past few days.
Major resistance- 538.5/539.5/545.
Buy above 545 for the targets of 570 | 585 | 600 | 615
Second largest player in Telecom sector.
Expecting Fresh volume in stock.
RSI gave breakout on daily chart.
MACD gave positive signal.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Bharti AirtelKeep an eye on RSI.
If breakout happens from upper trendline then go long.
Stop loss- Recent Swing Low
#HEAD AND SHOULDER #BHARTIARTL #3HHEY FELLAS, Have a look at bhartiartl, it's price is trying to form a head and shoulder pattern in 3 hour timeframe, if the price is able to break the neckline, it may tumble till it reaches 460.
BHARTI AIRTEL | Bullish Cup & Handle Bharti Airtel forming Bullish Cup & Handle. It has a lot more potential to move.
Keep it in watch.
Looks good for Swing Trade!
Descending Triangle with Head and Shoulder patternDescending triangle can be observed in daily chart for AIRTEL with Head and Shoulder pattern. Near term trend looks bearish. Super trend is negative as well.
Disclaimer: Only for educational purpose. Not a recommendation.
bharti airtel buyall good condition looking in bharti airtel ,volume support , trendline breakdown.
expecting target in 2 weeks.
follow stop loss strictly.
