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c0dchef
Sep 14, 2020 4:16 PM

BHARTI AIRTEL - 1D TF - Bullish Butterfly & Bat Long

BHARTI AIRTEL LTDNSE

Description

Bullish Butterfly pattern forming on Daily Chart of BHARTI AIRTEL. BUY 443, SL 427.9, Target(s) - 457, 460.
Bullish Bat pattern forming on Daily Chart of BHARTI AIRTEL. BUY 422-423, SL 399.9, Target(s) - 445, 455.

Comment

Butterfly SL. Bat missed it by 0.9.
Comments
milanvachhani70
What do you mean by bat missed by 0.9??? Can you please explain??
c0dchef
@milanvachhani70, Entry price for the Bat pattern was 422-423. The stock made low of 423.9 on 23rd of September (423.9-423 = 0.9) and closed at 433.80. It missed the buying price by 0.9 and started moving upwards. Got it? The 0.9 thing? I call this a "near-miss event". Whenever this happens, the stock pattern and levels should be avoided altogether. From 423.9 -> 433.80. That's a bounce back of almost 50% of the Target(445). On 24th, it made a low of 416.15 and a high of 444.95 on the 25th. Sometimes it works in our favor, like it did in Airtel, and sometimes it does not.
milanvachhani70
@c0dchef, Yes,,, I this now its goof time to buy... isn't it?
c0dchef
@milanvachhani70, From an Investment Portfolio POV. Yes. Major Support are 400 and 360.
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