1072. HSP breakout for Swing tradeFundamental week stock, but global telecom sector is trending positive side.
SL compulsory
only for short term duration
BHARTIARTL trade ideas
Bharat Airtel at sell position as per Trend analysis Bharti airtel formed a cup with handle at 1 hr chart
Bharti Airtel - Hourly ChartRecently BhartiArtl has created double top and then fall drastically to 330 level. Stock recovered almost 70.7% from 330 level and again showing weakness.
From the top, Stock is in wave (C) of zigzag pattern and expecting the 100% retracement of wave (A) which is coming near 310 level. Risk and Reward ratio is also very good. EMA (34) will act as trailing stop loss (current SL --> 369). Risk to reward ratio is 1 : 3.8.
Bharti Airtel LongBharti Airtel in a Channel since 1 year is at its support now.
Buy at these levels SL:- 330 , Target :- 390
826. news based trade (for intraday purpose only)Sl compulsory
expecting 2 to 3 % fall from current level; if gap down more than 2%, then ignore this trade.
BHARTIARTLVERY LONG TERM SELL SETUP :) WAITING FOR THE PRICES TO TOUCH THE SWING LOWS.
NOTE: MY VIEW ONLY....
617 SAN; News based trade (Intraday)Risky play
News is Airtels Biggest Quaterly loss
Gap down near 320 leads the price to push 317 to 315 or 310
An explosive move , but where?Airtel has an interesting pattern. There is a 5 wave complete pattern which is either an Ending diagonal or a Triangle. Depending on which one it is, the next move could be very swift - either up (in case of a triangle) or a down(in case of an ED). Need to wait for a clear confirmation for continuation.
