Bharti airtel next move.Bharti broke out of the rising wedge as expected and gave some nice gains, as of now Bharti is looking good for some retracement and would be again ready for a short sell trade once it breaks out of the bigger wedge.
BHARTIARTL trade ideas
NSE::BHARTIARTL Sell For 18 Dec 2018 NSE:BHARTIARTL sell initiate for 18 Dec 2018 using 30 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 313.1
Stop Loss : 321
Target : 308.1
#BHARTIARTL CASH : LOOKS GOOD ABOVE 292.6#BHARTIARTL CASH
14 OCT 2018
LOOKS GOOD ABOVE 292.6
STOPLOSS 290
TGT 294.80/297/300
(RISK FREE ABOVE 295 FOR 300++)
CMP 290.2
bharti airtel with support and resistance and trendline analysismust take this trade of short sell …
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AIRTEL1. R1 and R2 act as resistance points
2. Go Long after these resistance points is crossed
3. Go short below 374 for target of 370, 366, 364 with stop loss on high of candle (i.e 378.20)
4. Please note views are on smaller time frame
All the views are for educational purpose only
BHARTI AIRTEL Has formed A Head And Shoulders Pattern..Airtel Stock Is currently Forming a Head and Shoulders Pattern And It has also Failed to Cross It's Resistance ..
BhartiAir, Downtrend50DMA crossing 200 DMA downside took the price to new lows and now 100DMA crossing 200DMA again on the downside and consequences are predictable.
Bharti Airtel - LongBharti Airtel looking strong at current level. After correcting from 540 levels it has formed base at 375 - 380. Currently stock has broken out of a falling wedge pattern and has also formed a downward channel pattern formation. One can go long here with Targets - 412/421/432/437. SL- 392
The stock can also possibly form a Head and Shoulder pattern.
Airtel - DowntrendShort at upper resistance with a stop on the line.
Long on a break upwards for an immediate target of 447 and 450.
Bharti Airtel Daily Chart Gartley PatternBharti Airtel Daily Chart Gartley Pattern
CMP: 430
SL: 370
Target: 480, 560, Final 650
BHARTIAIRTEL at demand zone and resistance level .BHARTIAIRTEL at demand zone and resistance level .
One can wait for the top of the green candle to get breached for entry .
Targets mentioned in charts
Retracement in BhartiAirtelIt looks that on W - the stock has performed sincerely to respect the elliot waves. However, by the end of this week and with the beginning of the next a retracement is expected to be followed where the stock would dip to level sub-500 and attain or test the new support of around 477 and probabilistic-ally would continue the upward trend. Thus, we can maintain the calm and watch the stock for a possible pull back- where the people with sell side likeness can short sell in short term and those looking for a buy can wait to enter at a discounted level.
AIRTEL : Multi year iH&S pattern likelyAIRTEL : Multi year iH&S pattern likely above 450 for targets well beyond 650 .... WIll it this time ?
20 day momentum//@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 (mom0 < 0 and mom1 < 0)
strategy.entry("MomSE", strategy.short, stop=low-syminfo.mintick, comment="MomSE")
else
strategy.cancel("MomSE")
//plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)
Bharti Airtel - Rectangle bottom patternBharti 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 price : 420
Stop loss 363
Happy trading.
Bharti airtel trading ideaBharti 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.
Corrective Up side for Airtel?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 on the MACD.
