BHARTI AIRTEL - BULLISH SETUP - 1H
As we know, Bharti Airtel is in an uptrend, i.e. making Higher Highs and Higher Lows. It has a higher probability of continuing its uptrend and we may see its new all time high. The logic behind the setup is :
1. Price broke the trendline from the top which was giving resistance. Its in the bullish correction phase now.
2. Inverse Head and shoulder, which is a bullish pattern.
3. RSI divergence, i.e. Price made a lower high but momentum made a higher high.
One can enter the trade only after the smaller trendline is broken, keeping the stoploss below at 675 and taking primary target at 750. Target depends on the market trend and one's Risk Management. Potential targets are shown in the chart.
Disclaimer : This is my personal analysis and opinion. Its not a recommendation or call. I am not a SEBI registered advisor. One should do its own analysis and consult their financial advisor before taking the decision.
This is my first published idea. Please let me know your views.
Happy Trading
1. Price broke the trendline from the top which was giving resistance. Its in the bullish correction phase now.
2. Inverse Head and shoulder, which is a bullish pattern.
3. RSI divergence, i.e. Price made a lower high but momentum made a higher high.
One can enter the trade only after the smaller trendline is broken, keeping the stoploss below at 675 and taking primary target at 750. Target depends on the market trend and one's Risk Management. Potential targets are shown in the chart.
Disclaimer : This is my personal analysis and opinion. Its not a recommendation or call. I am not a SEBI registered advisor. One should do its own analysis and consult their financial advisor before taking the decision.
This is my first published idea. Please let me know your views.
Happy Trading
Feragatname
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