Bharti Airtel: Can Bharti make a good cup of tea??? ๐
Bharti Airtel
Observations
- we are looking at monthly chart for Bharti Airtel
- since March 2021, the stock has not done much and is consolidating
- the stock is consolidating above the breakout green line and
- a Cup & Handle Pattern is still intact that has took 14 years in the making (a scotch would add value in that long period ๐)
Would that be the case for Bharti Airtel???
only time will tell...
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
Given the set up,
Consider buying in 2 tranches
- one at current levels and 2nd on further dips towards 496 / 480 levels
- target for the given set up 765 / 824
- set up provides Risk::reward ratio of 1::5
Time frame: Medium to long term
Best wishes & Take care...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Observations
- we are looking at monthly chart for Bharti Airtel
- since March 2021, the stock has not done much and is consolidating
- the stock is consolidating above the breakout green line and
- a Cup & Handle Pattern is still intact that has took 14 years in the making (a scotch would add value in that long period ๐)
Would that be the case for Bharti Airtel???
only time will tell...
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
Given the set up,
Consider buying in 2 tranches
- one at current levels and 2nd on further dips towards 496 / 480 levels
- target for the given set up 765 / 824
- set up provides Risk::reward ratio of 1::5
Time frame: Medium to long term
Best wishes & Take care...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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