It has made a good base at 640-660 level .
It gave good bounce back from major support zone
Bullish Engulfing Pattern is formed at support which is the trend reversal pattern , this changes the trend from downtrend to uptrend.
Good for positional trading.
Buying Range 670-690
SL 635 Closing Basis
📈 Bharti Airtel 📉
Bharti Airtel is nicely taking support at Upward Trendline since September 2021 and starting from Jan 2022 it is facing a resistance at 730-735 zone.
This pattern is finalised as a Triangle and on verge of break out.
My View : Most likely breakout will happen on upside as it is not forming lower lows anymore.
Disclaimer : Only For Education...
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. It is one of the two main stock indices used in India, the other being the BSE SENSEX.BANKNIFTY IS GO TREND IS UP33ADJHSGFHDFLJVHDS;UGUOIKFNBNCNBIUFGBHIUFHGKSJ.DFNKJAHFJKABFHJABVHDF
Nifty View: Volatility kicks in as the benchmark Nifty index oscillates sharp in today’s trade. At an intraday low of 17,986, the index momentarily broke below the psychological 18K mark, but closed fairly well at 18,145. The underlying short term trend of the index has now turned non-directional but definitely volatile. BankNifty continues to outperform by a...
Nifty View: The rally and momentum continues as the benchmark Nifty index gains over 150 points to scale above the milestone of 17K - congratulations. The lack of any sign of consolidation or intra-day correction clearly establishes the fact that we are in a very strong Bull market. With this recent up move the index has now moved into a state of high-ranged UP...
- stock are forming a symmetrical triangle pattern and currently the stock is on the verge of giving a breakout in the head and shoulders pattern and Harmonic xabcd pattern.
-Stock break and sustain above 518 Next level to watch 500/480/460/440 levels .
-Support is near 536/550 level on chart.