1. 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
Airtel Stock Is currently Forming a Head and Shoulders Pattern And It has also Failed to Cross It's Resistance ..
50DMA crossing 200 DMA downside took the price to new lows and now 100DMA crossing 200DMA again on the downside and consequences are predictable.
On daily chart Head and Shoulder pattern is observed.
Bharti 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.
Short 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 Pattern CMP: 430 SL: 370 Target: 480, 560, Final 650
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
It 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...
AIRTEL : Multi year iH&S pattern likely above 450 for targets well beyond 650 .... WIll it this time ?
//@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...
Bharti 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...
Bharti 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.
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...