BHARTIARTL trade ideas
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.
High Probability Trade - Bharti AirtelIf holding longs in Bharti Airtel, please exit on any bounce. It is in the process of Making a flat channel. Best buy is in the area of 240 with SL. if those levels are held we might see the highs again. The recent move down looks like an impulse. Best to stay away from longs in this counter. Short on rise for ultimate target of 240.
Bharti Airtel - LongBharti Airtel looking strong at current level. After correcting from 540 levels it has formed base at 375 - 380. Currently stock has broken out of a falling wedge pattern and has also formed a downward channel pattern formation. One can go long here with Targets - 412/421/432/437. SL- 392
The stock can also possibly form a Head and Shoulder pattern.