Bharti airtel formed a cup with handle at 1 hr chart
Bharathi Airtel is short once the market opens tomorrow.....
Bharti Airtel's long term demand and supply zones.
RSI is rising and So will price > NSE:BHARTIARTL
Airtel Stock Is currently Forming a Head and Shoulders Pattern And It has also Failed to Cross It's Resistance ..
Bharti Airtel testing the rectangle resistance line @ 380 where a lot of supply is currently visible in the rectangle bottom pattern formation A cup n handle formation within the horizontal rectangle Bottom pattern is visible. A Close above this resistance line would signify an upward breakout. High volumes expected. Trading strategy : Buy above 382 Target...
Bharti Airtel could have completed a Flat pattern with wave c extension. I was expecting the up move to start at 333 in case of a regular flat (link attached). A move below the end of wave c would negate the setup and hence could be used as SL.
Airtel seems to be tracing out a flat pattern. A lower breakout should start the final wave 5 of wave C of flat down, following which it should go up.
Short Bharti Airtel (NSE/BSE - India) - See chart for more details