Keep an eye on airtel as resistance has been breached giving a fresh breakout. can test the support again. NSE:BHARTIARTL
BHARTIARTL has been in a five month long consolidation zone from March till July. In the end of July series it has given a breakout. One can go long with an immediate target of 572.15 and 593.35 with stop loss placed at 551.45. P.S. Extra bullishness is because of (i) impending crossover of 25EMA over 50EMA, (ii)the two hooks in the MACD chart.
Lets see if the Resistance shows its Power at Level of Rs620 Today Stock Touched 620 Level. NSE:BHARTIARTL
Bulls will rule if breakout above 539 levels marked happy trading...... Like.. Share... Follow...
Bharti Airtel strong sell target 480
Observations : 1. Airtel has been moving downwards for a few weeks now. 2. It has tested and respected 200-EMA multiple times (more than 5 times) in such downfall 3. It is currently trading around 200-EMA 4. Volume dry up and loss of momentum can be seen, Usually it is followed by a spike in volumes and a super-move (either side) 5. After looking at candles and...
Bharti airtel has formed a perfect head and shoulder pattern in the daily time frame. On top to bottom analysis, it can be seen that it has got a rejection from the trendline on 5 min time frame.
Airtel looks like will go for a breakout . Keep any eye. Simple price action, no Jazz!
Now BHARTI AIRTEL ia at BUYER'S ZONE BUYER'S ZONE range 536.75 to 529.05 STOPLOSS 527.50 T1 = 546 T1 = 555
Cup and Handle on chart. CMP 539 . Important levels mentioned on chart. Breakout Confirmation above 550.
BHARTI AIRTEL LONG TERM BEARSH VIEW TARGET OF 500 BHARTI AIRTEL LONG TERM BEARSH VIEW TARGET OF 500 BHARTI AIRTEL LONG TERM BEARSH VIEW TARGET OF 500 BHARTI AIRTEL LONG TERM BEARSH VIEW TARGET OF 500 BHARTI AIRTEL LONG TERM BEARSH VIEW TARGET OF 500
Airtel Africa has been in an uptrend since May 20 and has been forming bull flags with a following period of consolidation. This has happened twice in the current uptrend with each upward thrust followed by consolidation which forms an ascending triangle pattern. Price has just broken out of the 83p resistance and has since moved higher. Look for a retest of the...
On Weekly timeframe BHARTIARTL is close to trend line Add to watch list. Trade with caution