Are 3 Flags in a row = A Red Flag ? xD

2020년 5월 24일

Bharti Airtel has no plans of stopping right now. 3 Consecutive flag patterns.

If the same pattern occurs more than twice the stock is assumed to be extremely bullish/bearish depending on the pattern.

Another breakout & the stock will skyrocket again.
200 EMA is too far away.
Once ADX picks up we will have our breakout.

400-600. 50% move in 2 months.
Stock is breaking its all-time high when the market is falling more than 40%.

Bharti Airtel is the only competitor to Jio & telecom is a huge revenue-generating market in India.
Stock is long as long as its above 200 EMA.



Trade Carefully.

2020년 5월 26일

매매 수동청산

Chart Update - Stock opened gap down and was falling throughout the day because of $1 Billion worth of shares sold by the parent company to sell its stake & closed exactly at our trend line and 200 EMA.
This was an unexpected move which was driven by news hence our much-awaited breakout did not happen.
The Idea is no longer valid. Hence, the trade is closed manually.