Reason for long a) Weekly Mr14 as pull back set up b) Vwap support c) good risk rewards if one places stoploss, otherwise huge loss in time and money block for several months and years. d) SL compulsory
On weekly chart of Bharti airtel which is following a channel is on crucial support level of trend line, 745 is crucial support if this held will trend to go up otherwise it may crash
NSE:BHARTIARTL dont sell above 730. it will show weakness if it is below 730. super support at 739 level.trendline is making resistance.above 754 it is bullish can touch 770 level.
Weak chart structure Can go further downside Can look for a short call
Bharti breaks key support and ends below 200. Take an itm put as iv is multi month low. 760 put is just 3 bucks if extrinsic value Keep a stop at 760 which is the 200. The put will lose 50 percent at the stop. Target of 710 which is the next logical support. Bonus, bharti coming out of a multi day squeeze and flag, which is fairly unique
If price comes at entry level then go for short. Trade at your own risk.
Entry and Targets as shown. The levels are based on the SMC.
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
bullish on daily candel, volume loaded, RSI positive, 760 has multiple support, above 466, sl 743.50 target 840
Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss or this post is not to hurt anyone sentiment or reputation it is for educational purposes....... Airtel month chart showing 2 regular bearish divergence and on top of that a falling wedge, and it near ath my suggestion here is to consider taking some profits...
Short Bharti Airtel for target -2.5 % as per Bollinger Band strategy ( 1 hour time frame chart for reference )
Long can be initiated at current price or within 1%-1.5% of the CMP. SL can be kept below 374. It seems same as Amaraja Battery. Stock has come down with very low volume and it seems that supply is getting over.
If price will comes at entry level before reach at target level then go for short up to given target. Trade at your own risk.
Bharti broke above triangle pattern & comfortably trading above it with good volumes on 30 min TF. Could be bought with mentioned stoploss & targets.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck