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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BHARTIARTL trade ideas
When a stock breaks down, normally the 1st bounce is to be soldBharti airtel a classic analyst stock everyone expecting it to double but charts telling it broke down from trading range of 5 months and has been a sell on each bounce. Very contrary to the best opinions available in market.
Cheers ! waiting for it to reverse now
Bharti - Prayers required...Bharti breaks out Ichimoku weekly lead spam B which act as a last support. Most likely it’s moving towards its weekly long term mean line and the level is around 360. The only line of hope is Gaan fan last support at 408 level. Still no signs of consolidation and looks like more pain ahead.
Airtel Monthly AnalysisBharti Airtel seems to trading in the range of Rs.240 to Rs.450 on Monthly Charts.
There is also a RSI divergence for Feb 2020 & Jul 2020, thus the big fall from high of Rs.596.
It’s monthly 20 SMA is placed around Rs.429. If it breaks 429 it might take support @ Rs.400 or Rs.370 or Rs.350.
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
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