BHARTIARTL trade ideas
Keep an eye on BHARATI AIRTELThis scrip is being traded in a Ascending triangle pattern for past one year. This scrip had shown a momentum to Breakout but now it is trading near to the pattern's resistance. There can be a big up move if it broke above the resistance with good volume.
Wait till the week to close and consider it for swing trading.
Bharti Airtel analysis for 13-aug for intradayBharti Airtel is making flag and pole pattern. market is consolidating from so many time if market gives breakout hen rake a buy trade or sell trade .
if market gives downside breakout then take trade after break down 616.10 because it is very strong level supports.
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.