It is going to be bearishAirtel is slow down due to the hike to the prices of the plan NSE:BHARTIARTL
Airtel
Bharat Airtel at sell position as per Trend analysis Bharti airtel formed a cup with handle at 1 hr chart
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 ..
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.
Bullish on Bharti AirtelBharti Airtel could have completed a Flat pattern with wave c extension. I was expecting the up move to start at 333 in case of a regular flat (link attached). A move below the end of wave c would negate the setup and hence could be used as SL.
Bearish then bullish on Bharti AirtelAirtel seems to be tracing out a flat pattern. A lower breakout should start the final wave 5 of wave C of flat down, following which it should go up.
