AIRTELPP trade ideas
BHARTHI AIRTEL - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
BHARTIARTL- Trend Analysis - 17th AugBHARTIARTL had broken 639 levels and had respected support multiple times. It has formed a double bottom pattern and also broken a recent trend line.
Long position can be initiated with target of 1:1 or 1:2 risk reward ratio
Disclaimer:
This is for educational purpose. We are not SEBI registered analysts.
#TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
#BHARTI #Breakout Bharti Airtel: 1D: Chart is just for reference and one can easily make out how best this stock is consolidating between broader range to take support around 645 - 650 level time & again. As of now it is trading around lower level of the range and possibly may give bounce towards 700. Close above 700 there will be double bottom breakout too.
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!!