AIRTEL : Multi year iH&S pattern likely above 450 for targets well beyond 650 .... WIll it this time ?
//@version=3 strategy("Momentum Strategy", overlay=true) length = input(12) price = close momentum(seria, length) => mom = seria - seria mom mom0 = momentum(price, length) mom1 = momentum( mom0, 20) if (mom0 > 0 and mom1 > 0) strategy.entry("MomLE", strategy.long, stop=high+syminfo.mintick, comment="MomLE") else strategy.cancel("MomLE") if...
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 has been doing sideways move for sometime. Currently it is at lower end of the channel (360). Traders can initiate a buy at lower end of channel and target at least upper end (380) of channel. Eventually i expect it to break the channel and move higher.
We might have just completed a Flat on a lower degree, waiting to make a flat on a higher degree. I am looking for a move up to the 127.2% at 359 if the price moves above 343. stop loss would be 332. Watch out for the possibility of a smaller wave as we can always see a running flat where the C never travels the full distance. Also notice the bullish divergence...
Bharti Airtel Ltd's stock ( Ticker BHARTIARTL ) has been in sideways consolidation for roughly about 8 years from 2008 to 2016, with a broad range of 240 - 440/480. We have traded this range successfully with simple sideways trading strategy where you buy at the range support and sell near range top. But this time we are less inclined to get involved, at least...
Point A - 25.1.2016 first bottom Point B - 07.11.2016 Second bottom Immense support @ 282 levels and a very small resistance at 330 levels
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.
Do I need to see anything more ? Broken all moving averages daily and weekly. Broken box range. Fundamentals are challenged. Tough times ahead for telecommunication industry. It should retest levels of 277 in days to come.
NSE:BHARTIARTL Bhartiartl is moving down may touch level at 344.40 Happy trading
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.
Double bottom and a positive hammer candlestick formation confirm buying at current levels. It signals a buy opportunity at minimum risk. T1: 360 SL: 337 If it breaks support of 337 then it may go down to 328, keep a good watch
bharti airtel look week below 345 1 target 333.55, 2nd target 321.40, and 3rd target is304