BHARTIARTL trade ideas
BHARTIARTL SHORTThe indicators used on this chart suggests that BHARTIARTL will probably reverse after a strong bullish movement.
- MACD gives us a short signal
- ADX is 45.59 and after period of extended uptrend it seems that it curved down what may suggest a trend reversal which we can observe with current price action
We should wait for the price to break the support and retest it as resistance. Therefore the rejection at the resistance will be our entry price.
no financial advice
BHARTI AIRTEL as on 05.09.2021!!ASCENDING TRIANGLE PATTERN FORMED!!
BREAKOUT DONE !!!
CAN MAKE A PULL BACK AT MONTHLY DEMAND AND SUPPLY LEVEL!!
A good move after pullback can make a new high there is a good support at 654 and retracing at that point again do check that in 15 min chart!!
If for intraday can make down gap opening and retrace and move little down but cant say actual as 654 is giving a major support !!!
HIGHER PROBABILITY OF MOVING UP AS BREAKOUT CAME AFTER A YEAR!!!
TARGET=755/800
STOP LOSS=590/580
WEEKLY CHART SHOWING SAME!!
50 AND 200 EMA GIVING GOOD SUPPORT!!
FOR INTRADAY Check daily basis demand and supply AND CAN MAKE A GOOD SHORT TRADE OPTION DO CHECK 15 MIN CHART AND DO TAKE HELP OF PIVOT POINTS!!!
(The above analysis is only for study purpose do not take it as any buy or sell call)
Broke a TRIANGLE in 1 week time frame.It has took good support and resistance at the following points that forms a TRIANGLE and also given a strong BREAKOUT in the weekly time frame.
IN addition the telecom sector is also backed up with strong news to look it in the fundamental point of view.
Go LONG with the strict stop loss that fit your risk appetite and thank me later.
BHARTI AIRTEL as on 05.09.2021SYMMETRICAL TRIANGLE FORMED !!
BREAKOUT DONE , PULLBACK DONE!!
A good move after pullback can make a new high there is a good support at 654 and retracing at that point again do check that in 15 min chart!!
If for intraday can make down gap opening and retrace and move little down but cant say actual as 654 is giving a major support !!!
There is a chance that candles to touch monthly basis demand and supply and retrace from POC so have PATIENCE!!
HIGHER PROBABILITY OF MOVING UP AS BREAKOUT CAME AFTER A YEAR!!!
TARGET=745/750
STOP LOSS=546/536
WEEKLY CHART SHOWING SAME!!
50 AND 200 EMA GIVING GOOD SUPPORT!!
FOR INTRADAY Check daily basis demand and supply AND CAN MAKE A GOOD DHORT TRADE OPTION DO CHECK 15 MIN CHART AND DO TAKE HELP OF PIVOT POINTS!!!
(The above analysis is only for study purpose do not take it as any buy or sell call)
7 year long trendline breakoutImpressive breakout from a 7 year long trendline which is now the part of ascending channel. Volume also looks impressive, one should wait for the retest of the trendline and enter long for atleast 25% in 2-3 months, stoploss 8-9%, or as per individual's risk management. Also, point to keep in mind about it being a strong breakout is, that it also have closed above the trend line in a monthly timeframe. Best luck.