Airtel
BHARTI AIRTEL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY ONLY ON RETEST
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts - NOT ACTIVE IN THIS CHART.
2) TE-REKAB - PROPRIETARY INDICATOR
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bharti Airtel - Bullish Divergences Bharti Airtel seems to be in a strong bullish trend.
Post 21st December correction, it is taking strong trendline support along with hidden bullish divergences.
Price is making an upper low while RSI is making a lowe low.
Usually, these divergences play with a quick movement.
Current market price 501:
1) Strong support is at 490, if broken, stock can test 470-460 levels ( however, it seems unlikely that 490 will be broken)
2) target is 550-570 levels in near term future
NIFTY (Strategy)Hi Everyone,
We are in a great period of time with great momentum and bullishness in the market, one of the fastest recoveries in history from the dip. The momentum seems to be really good but there comes the catch.
The stretch we are currently seeing is filled by strategies laid out by the Government/RBI, not because of real GDP growth.
One of the Important points we have to note is the current NIFTY PE Ratio is standing at 36.73 (To be frank, we have never seen such a high PE ratio in the last 10-20 years). We are at a critical stage, that NIFTY 50 companies need to generate at least double their profits to reduce the PE ratio between 20-25. Will this happen quickly? Anyone can answer this question.
My point here is: The current chart shows we are at a critical point. We may go higher/lower depending on the below points,
we still have some bullish catalyst for the markets to go higher: New stimulus package approval before Christmas by Biden.
We also have a bearish catalyst for the markets to go lower, Biden to introduce Higher corporate tax rates and Higher Long term capital gains tax.
But please be aware anyone having long positions, have the below strategies until the market gives a clear view:
1. Trim the positions
2. Keep tight stop loss
3. Buy Nifty Puts with risk management (for Ex: if your portfolio is 1 lac - keep 10% for buying put options this can help you protect your portfolio in downfall)
Having good trading strategy is very important, so please keep a close eye on NIFTY
Thanks!
Disclaimer: This is just my view and not trading advice
BHARTI AIRTEL - Bull Flag Breakout - Intraday/Very Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Check the idea linked below to understand the Breakout on Daily Time Frame.
Entry can be made above the high of breakout candle or wait for any retest.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Rebound Method Buy OpportunityThe price has entered the range in between 10 & 30 EMA and has closed above 10 EMA with a good green candle. Seems like the beginning of an uptrend. 10 EMA has crossed above 30 EMA before a few days and we have got the rebound confirmation also. 15% target possible in a few weeks.
BULLSIH TREND REVERSAL PATTERN ON AIRTELTHREE SOLDIER BULLISH PATTERN ON AIRTEL INDICATES TREND REVERSAL
MUTUAL FUNDS AND FIIs INCREASING HOLDING QoQ.
BUY IN SIP MODE ONLY IF SHOWS FURTHER IMPROVEMENT.
LIMITED COMPETITIOR IN MARKET
COMING UP WITH ATTRACTIVE PREPAID/INTERNET PLANS
PLEASE SEE CHART FOR FURTHER DETAILS
TARGET 1: 500
TARGET 2: 550
STOP LOSS : 395
**These are my personal observations. Please trade at your own risk.**
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.
Traders, If you liked this idea, hit the like button and write in the comment section.
This is only for educational purposes.
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.