Bharti Airtel is at its crucial support level if it breaks it down I will short it and will wait for high returns.
As per the Technical Analysis Chart Pattern, BHARTI AIRTEL Share INTRADAY view. The potential upside with the break out above 433.50. We can follow the strict Stop Loss of 429. It will only Buy After the breakout of the upper trend line which is acting as a resistance level. Intraday Target can be taken as 439 as first and 445 as the second. Traders, If you...
Wait and watch for Bharti now. Is it weak hands flushing from the system..? Either way, wait for a reversal from its strong support zone of 400 before any move.
Bharti Airtel seems to trading in the range of Rs.240 to Rs.450 on Monthly Charts. There is also a RSI divergence for Feb 2020 & Jul 2020, thus the big fall from high of Rs.596. It’s monthly 20 SMA is placed around Rs.429. If it breaks 429 it might take support @ Rs.400 or Rs.370 or Rs.350.
Descending triangle breakdown
Bhartiartl bounced back from major support. If breaks yellow line with good volume good to buy for gap fill. Else no trade.
Here's a chart showing Bharti's movement. As you can see, in both cases we had a reversal at the top with a wedge formation. the Second drop was a sharp move below the ichimoku cloud. Markets and charts are a reflection of traders' psychology. I'm expecting a similar pattern to evolve again as we continue to test resistance and fail before correcting atleast...
Bearish Gartley Bharti Airtel. Airtel has shown good rally on Friday. A bit more upward movement is there. Once reached PRZ (Potential Reversal Zone) area Wait for Reversal Confirmation on lower time frame candle stick. One can short with a given Stop Loss. Always use Trailing Stop Loss. Chart by Krishna
We have seen from the past how airtel has bounced from 200 day Ema. We are expecting the same.
Bharti Airtel weekly chart history does give a clue of what has happened when rise in price was not supported with rise in momentum. Details in the chart.
Bhartiairtel seems to be forming similar W pattern with heavy volume on the bullish side the stock is in range movement since many weeks on daily time frame and a near breakout from W pattern is imperitive. Watchout to mint it Follow us on twitter and t e l g m :
wait for price to close above resistance this is looking perfect bullish to me. and off course i am bullish in this one
WATCH THE CHART AND UNDERSTAND IT BEFORE TRADING!
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NSE:BHARTIARTL long setup. Keep track of this. If it resumes uptrend, then it will zoom fast as today's action looks like week longs shakeout.