BHARTI AIRTEL - Cup & Handle Breakout - Swing TradeThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Intraday & Short Term swing Traders can also take advantage of above study as well
Trade Strategy is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
Bhartiairtel
intrday:-buy bhartiartl above 523 tgt 528 ,530 sl 517please buy bhartiartl above 523 as it has crossed the previous swing high of 521.50 . one can make quick profit in the trade.
if you are ready to loose
1. rs. 1000 :- 166 shares
2. 1500 :- 250
3. 2000 :- 333
if you trade keeping in mind the money you are ready to loose than your trading will improve very fast .
Bharti Airtel - Bullish Divergences Bharti Airtel seems to be in a strong bullish trend.
Post 21st December correction, it is taking strong trendline support along with hidden bullish divergences.
Price is making an upper low while RSI is making a lowe low.
Usually, these divergences play with a quick movement.
Current market price 501:
1) Strong support is at 490, if broken, stock can test 470-460 levels ( however, it seems unlikely that 490 will be broken)
2) target is 550-570 levels in near term future
BHARTI AIRTEL TECHNICAL ANALYSISAs 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.
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This is only for educational purposes.