Bhartiairtel
BHARTI AIRTEL SHORT-TERM SWING TRADE!Hi everyone, Bharti airtel short term swing trade consider buy above 753 target 837 stoploss 707.
LOGIC BEHIND TRADE : Stock is near all time high resistance & formed rounding bottom, if candle gives closing above 753 can go upto 837 target identified from harmonic abcd pattern level 2.0 technically stock looks good for short term swing trade. NSE:BHARTIARTL
BHARTIARTL SHORTThe indicators used on this chart suggests that BHARTIARTL will probably reverse after a strong bullish movement.
- MACD gives us a short signal
- ADX is 45.59 and after period of extended uptrend it seems that it curved down what may suggest a trend reversal which we can observe with current price action
We should wait for the price to break the support and retest it as resistance. Therefore the rejection at the resistance will be our entry price.
no financial advice
BHARTI AIRTEL (MANAPURAM PRICE ACTION)I Have study the price action of bharti airtel, i have spotted twezzer top bearish candle in 2 hrs time frame on the resistance.
This time may be reversal happen and price will be reached around 520 and then it will form a range and then it will give a price breakout
BUY BHARTI AIRTEL
BUYING PRICE : 520; SL : 500
TARGET PRICE : 690
THANKS
BHARTIAIRTEL - BreakoutBHARTIARTL has been in a five month long consolidation zone from March till July. In the end of July series it has given a breakout. One can go long with an immediate target of 572.15 and 593.35 with stop loss placed at 551.45.
P.S. Extra bullishness is because of (i) impending crossover of 25EMA over 50EMA, (ii)the two hooks in the MACD chart.
Bhartiartl : Long Breaking of channel on 10th May and then Fibonacci retracement upto INR 548 on 9th June is self explanatory and clearly visible
in the chart.
Parallel channel between 7th June and 23th June clearly shows importance of 21 DEMA crossing 200 DEMA - 1st from below on 7th June
which led to increase price action and then from above on 23rd June which led to stock correction.
Therefore 200 DEMA is a major moving resistance for the stock price. Therefore
If 21 DEMA price is above 200 DEMA then 541 is the target to be expected
If 21 DEMA price continue to moves below then 520 is the level which is a strong support for the stock.
Note: I am long in the stock and i am expecting it to rise else will be accumulating more in case it goes down !!