Bhartiairtelanalysis
Bharti Airtel Ltd. (BHARTIARTL) ForecastThe chart represents the 4-hour price movement of Bharti Airtel Ltd. on the NSE. Here is an analysis and summary:
Analysis:
1. Price Trend: The price has been making higher highs, indicating an upward trend.
2. Volume: The volume is relatively low despite the price making higher highs, suggesting potential weakness in the current uptrend.
3. Divergence Pattern: There appears to be a divergence pattern, which often signals a potential reversal.
4. Support and Resistance Levels:
- Resistance: The price has recently hit resistance around 1379.
- Support Levels: Multiple support levels are indicated at 1332.50, 1266.05, and 1217.15.
5. Possible Sell Signal: The combination of higher highs with low volume and a divergence pattern suggests a possible sell signal.
Forecasted Movement:
- Short-term: The price might experience a pullback or correction from the current levels. It is projected to first drop to the support at 1332.50.
- Medium-term: If it breaks the 1332.50 level, the next target would be around 1266.05.
- Long-term: A further decline could see the price reaching the 1217.15 support level.
Summary:
The chart indicates a possible bearish outlook for Bharti Airtel Ltd. due to the combination of higher highs with low volume and the divergence pattern. Key support levels to watch are at 1332.50, 1266.05, and 1217.15. If these levels are breached, it could confirm the downtrend and result in further price declines.
SWING BUY OPPORTUNITY in BHARTI AIRTELRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Bhartiartl - Weekly ViewBhartiartl - Elliott Wave Count
On the weekly charts, Bhartiartl displays a clear Wolfe Wave formation, indicating that the market is likely to undergo a significant correction toward the 720 range. It is advisable to exercise caution when considering long positions. However, if the market breaks above 950, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:BHARTIARTL BSE:AIRTELPP NSE:BHARTIARTL1!
Bhartiartl - Wave CountBhartiartl - Elliott wave analysis
Bhartiartl is expected to experience a price decline soon, so be cautious with long positions.
However, there may be a slight upward movement prior to the decline. Approach trading with caution.
NSE:BHARTIARTL BSE:BHARTIA NSE:BHARTIARTL1! BSE:BHRT1!
Bharti Airtel Trend AnalysisA potential Head & Shoulder pattern is forming, break of the neckline will drag the price lower towards 540 level.
Even though the OPM% is superb, borrowings are increasing YOY to concerning levels.
Net profitability will take a hit with increasing interest rates due to quantitative tightening.
25,980 crores of AGR dues to be paid till March 2031.
All these factors are directing towards a bearish sentiment.
Good to look for shorting opportunities now.
Better to accumulate around 520-550 levels for the following targets:
Short term swing target @ 630 (16.67% ROI with 2.25 R:R)
Medium term swing target @ 750 (38.9% ROI with 5.25 R:R)
Long term positional target @ 880 (63% ROI with 8.5 R:R)
Do your own due diligence before taking any action.
Peace!!
Bharti Airtel correction over?Hello Traders, The last trade HCLTECH given yesterday hit the first target and we are booking it in this choppy market.
The next stock is also a one to go long on as it seems the correction in bhartiartl seems to be over and done for.
There's a demand zone near 650 levels which has been tested and stock took a good demand and reversed from here, we'll try to buy after the breaking of first resistance i.e 670.
Buy Above 670
Targets mentioned in the chart above
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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.