BHARTIARTL trade ideas
BHARTIARTL - Up or down ?A descending triangle is a bearish chart pattern , lets wait for a breakout to take a trade.
Bharti Airtel Positional analysisHi all.
Hope all are doing well in markets & hope all are safe & healthy in this pendamic.
Here is the analysis & I see that on daily chart the Bharti Airtel is a trading in a range & please try to capture the movement once it breaks any direction. and stick to it with proper risk & reward.
If its on selling mode & if you need to work on correct Risk to reward ratio then make use of SLBM services from your broker.
Regards;
Baldev
Bhartiartl - Elliott wave analysis - ABC zigzag It is in abc zigzag move as B wave of ABC zigzag down, which is about to end. Then C wave down will start unless B wave will form complex sideways correction. If the drop will impulse down, then there is a chance of C wave down.
BHARTIARTL - Long at 538 Reason for the trade:
1)Rounding bottom (Price action pattern).
2)S/R Flip with good volume.
3)Pullback trade on long side at 538
Sample position sizing for the trade:
Portfoilio : 70,000
Risk : 2.00 %
Amount at Risk : 1,400
Stock price : 538.00
Stop loss Price : 528.00
Loss per Share : 10.00
No of Shares : 140.00
R:R ratio - 2.6 (Minimum)
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Elliot Wave Correction and Demand ZoneStock Analysis: Airtel looks like price is in elliot wave correction cycle and price currently on demand zone (Marked green). Expected to get pull back once price close above weekly basis on current supply zone for at least next immediate supply zone target around 548 and closing above that level it will reach the subsequent targets . Let's see..
Happy Trading!
BHARTIAIRTEL SWING ANALYSIS BHARTIARTL WAS IN TIGHT CONSOLIDATION AND HAS GIVEN BREAKOUT TODAY SO LETS SEE IF WE GET SOME
BUY OPPORTUNITY IN BHARTIARTL AS IT REFUSED TO FALL FURTHER DOWN TO COMPLETE THE SWING SO WAIT FOR
TODAYS HIGH TO BREAK AND THEN WE WILL ENTER
bharti airtel buyingbuy bhartiairtel @ 528 to 530 with sl 512 close target according to your emotion or greed
Bharti Airtel trade for 02/09/2020simple buy after 552 and first target is 565+ then 2nd is 575+(positional)
BHARTIARTL - Should be good to go upwardsDaily candle managed to closed above 200MA which is a good sign.
A falling wage pattern which is a good and bullish sign. Need to wait for the breakout above from the wage pattern. Good for early entry but if still want to play safe, buy on breakout, so wait for the daily candle to close above the trendline above.
simple price actionweekly doji
accumulate with sl below 481 weekly close
can turn around near 50% fibonacci level as correction got complete
also outperformed nifty this falling week
can be considered as strong
BHARTIARTL - Taking support on 200EMABharti Airtel taking support on 200EMA, and facing resistance of 100EMA and 20EMA. To me, looks like into a no trading zone as one of the bearish flag like pattern is formed and if it breaks down buy range will be around 510-515 levels. On the other hand if it goes above, a safe entry will be around at 537-540. However, not expecting it to go down as the 200EMA support is one of the strongest support for this so far.
