BHARTIARTL trade ideas
Bharti Airtel ViewBhartiartl bounced back from major support. If breaks yellow line with good volume good to buy for gap fill. Else no trade.
Bullish Bat & Alternate ABCD PatternA Bullish Bat usually consists of an extended ABCD Pattern.
Both 4-point & 5-point patterns provides a Potential Reversal Zone, which maybe tested completely & trend may reverse.
SL below PRZ.
bharti airtel good entry point at 380-385 rangebharti airtel has cracked from its all time high to 419 level...380-385 zone has been very good support area for the stock..it should halt here for 20-25% upmove otherwise stock will reach to 320 level....
Bharti Airtel Fractal AnalysisHere'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 until the 78.6 fib level. That should be a good entry point for a long term position in Airtel. In the shorter term, a run to Rs. 465 is possible, which should bet met with strong resistance and fail.
Bearish Gartley AirtelBearish 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
BHARTI AIRTEL 600 Target BULLISHBullish Bias in Bharti Airtel
AGR news has given the stock a breather
Yesterday Major Selling was due to MSCI re-balancing
Can be bought at CMP levels if sustained above 540 in 1hr TF
Target 1 585 level
Target 2 600 level
Stop Loss at 505 levels
BHARTIARTL 4HRBullish CRAB@1.902XA Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
ULTRA HIGH VOLUME for going LONG we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
Airtel can bounce from current levelsWe have seen from the past how airtel has bounced from 200 day Ema. We are expecting the same.
BHARTIARTL 4HRBullish Deep Crab .Ultra high volume down bars - trap of Smart Money. Professionals are buying into the public selling – Higher volume
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
IF Price breaks ULTRA HIGH VOLUME Candle HIGH with LOW VOLUMES & with NO SUPPLY l.e place for BUY
POTENTIAL BUY
