BHARTIARTL
Stock -> Bharti Airtel
TimeFrame-> Weekly
Hello all!
Bharti Airtel has been moving in a channel since September 2019. It has been consolidating since August 2021 and is now back again at its lower trendline, thus making it a good opportunity to go long!
There are multiple other factors that strengthen my conviction:
- Along with the lower channel trendline, the stock is trading near its strong support zone.
-It has support from its 50-week EMA.
-The bounceback has come from the golden Fibonacci zone (between 50%-61.8%)
The risk to Reward ratio is also decent.
*NOT A CALL*
#nifty #bhartiairtel #technicalanalysis #swingtrading #fibonacciretracement #ema
Stock -> Bharti Airtel
TimeFrame-> Weekly
Hello all!
Bharti Airtel has been moving in a channel since September 2019. It has been consolidating since August 2021 and is now back again at its lower trendline, thus making it a good opportunity to go long!
There are multiple other factors that strengthen my conviction:
- Along with the lower channel trendline, the stock is trading near its strong support zone.
-It has support from its 50-week EMA.
-The bounceback has come from the golden Fibonacci zone (between 50%-61.8%)
The risk to Reward ratio is also decent.
*NOT A CALL*
#nifty #bhartiairtel #technicalanalysis #swingtrading #fibonacciretracement #ema
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.