BHARATI AIRTEL LTD 15MNBULLISH BAT For SCALPING
Strong POTENTIAL REVERSAL ZONE Whenever price touched PRZ of BAT every time Target levels are reached
POTENTIAL BUY
AIRTELPP trade ideas
BHARIAIRTEL ::: POSITIONAL SHORT24 JUL 2020
INSTRUMENT: BHARTIAIRTEL
TIME FRAME: WEEK
PROCESS: WEEKLY CHART
MY ANALYSIS:
BHARTIAIRTEL IS MOVING SIDEWAYS FOR SOME WEEKS NOW.
STOCHASTICS CONFIRMING BEARISH DIVERGENCE.
IF INTERESTED IN DOING JOBBING ON INTRA DAY BASIS YOU CAN TRADE BETWEEN 594.65 TO 560.50.
IF YOU ARE INTERESTED IN SOME GOOD PROFITS AND ARE INTERESTED IN HOLDING FOR SOME TIME. WOULD PREFER BUYING PE OPTIONS.
AS YOU CAN SEE THIS IS WEEKLY CHART WOULD PREFER SHORTING BHARTIAIRTEL
SHORT BELOW 536
WITH A STOP LOSS AT 561.
FOR TGT. 01: 487
TGT. 02: 459
EXTREME TARGET: 419.
RISK DISCLOSURE :
Technical analysis oF FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
575 BREAK AND WE GOTO VALHALLA !!!LONG CONSOLIDATION SHOULD BREAK SOON .. TARGET 612 MIGHT WICK TO 626
SL 559
Crucial support in AirtelAirtel has been weak for few weeks and with recent investments and customers acquisition was done in and by Jio will be tough for all the telecom giants including Airtel Hence Shorting it with the target being the next fib level and putting a stop-loss at the nearst significant HH or High of a candle will give quite good RR
W- Pattern not an Escape this time !Bhartiairtel seems to be forming similar W pattern with heavy volume on the bullish side the stock is in range movement since many weeks on daily time frame and a near breakout from W pattern is imperitive. Watchout to mint it
Follow us on twitter and t e l g m :
BHARTI AIRTEL; LONGSTRONG CONSOLATION BW 600 AND 540 RANGE. TRIED TO BREAK 600 MANY TIMES BUT COUDNT CLOSE ABOVE 600.WATCH @ 600 BREAK OUT CAN LEAD TO GO FOR "HH".
STRONG SUPPORT @ 555.
1ST TGT AFTR 600 BREAK OUT 660
Looks Like another rejection of BhartiAirtel #NiftyYesterday stock again tried its best to cross its multiple time tested resistance level but again it fails to do so, it could be another consolidation and will take some time to confirm its another new swing high.
BHARTI AIRTELNSE:BHARTIARTL
Follow the trendline for the rising pattern, it has closed in its resistance area, if it clears this and stays above 595.
It can be a long with 595 as support for 605 and 612. If 600 is respected, it may scale new highs.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Bharti showing Cup & Handle with Ascending Triangle formationLet me know your views.
On the daily timeframe Bharti shows a Cup and Handle pattern over 2 years and is near a breakout.
Its currently in an Ascending Triangle formation with breakout above 590.
Bharti ARTL price at Resistance wait for price to close above resistance this is looking perfect bullish to me.
and off course i am bullish in this one
Resistance should become weak now #Nifty Bharti Airtel has been trading now for quite some time in range and has tested its resistance multiple time which makes now the resistance weak, just with little volume support it will be ready to heads towards its next Resistance Level No.2
