Bhartiairtel
An explosive move , but where?Airtel has an interesting pattern. There is a 5 wave complete pattern which is either an Ending diagonal or a Triangle. Depending on which one it is, the next move could be very swift - either up (in case of a triangle) or a down(in case of an ED). Need to wait for a clear confirmation for continuation.
bharti airtel with support and resistance and trendline analysismust take this trade of short sell …
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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 - LongBharti 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.
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.
BHARTIARTL (Bharti Airtel Ltd.) - Dialing The Downside - 12/27/2Bharti Airtel Ltd's stock ( Ticker BHARTIARTL ) has been in sideways consolidation for roughly about 8 years from 2008 to 2016, with a broad range of 240 - 440/480. We have traded this range successfully with simple sideways trading strategy where you buy at the range support and sell near range top. But this time we are less inclined to get involved, at least for long-term full fledge play.
Reasons for change are,
- New player - Reliance Jio - is going to disrupt the Indian telecom market and will decimate even existing thin margins.
- Not necessary that Reliance Jio will be successful in making profit ( To understand why telecom companies can't be hugely profitable, please read our post on RCOM - Reliance Communication, where we have mentioned the reasons for not to invest in RCOM considering it as cheap play !) but unfair competition will hurt others until things get worse.
- Reliance Jio has deep pockets as well as blessings of government and that government support part makes it very dangerous competition for others. You can outsmart the business and win but against government, hardly anyone can win !
Yes folks, politics is very import part of stocks trading, especially now, when governments across the world are interfering more and more e.g. Checkout the defense and finance sector stocks after Donald Trump win in USA, Stock performance of Adani companies in India after Modi became PM etc.
- Besides, general investment climate is still shaky in India and broad market weakness will play it's part too.
So we are not constructive on IDEA and Bharti Airtel stocks until things change. First stop to evaluate the situation and make a decision will be near 200 support level for Bharti Airtel Ltd.
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.
Bharti Airtel - Connects a "Double Bottom" signals a BUY
Double bottom and a positive hammer candlestick formation confirm buying at current levels. It signals a buy opportunity at minimum risk.
T1: 360
SL: 337
If it breaks support of 337 then it may go down to 328, keep a good watch
h&s trading strategy bharti airtel look week below 345 1 target 333.55, 2nd target 321.40, and 3rd target is304
