BHARTIARTL UNDER BEARS SPECTRUM !!!!
Chart Patterns insist me the above titled opinion
REASONS
1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines)and right now down swing move is under process(in the form of descending channel)
2. In the weekly time frame, it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below)
3. In the daily timeframe, Head & Shoulders pattern too visible(shown below)
4. There is Consolidation zone(in form of a rectangle box).
5. SL can be day candle closing above 796(candle escaping out of the box)
6. Target - 730,717,700
7. Strong support down near 675 levels(rectangle box shown)
Let's see how it moves!!!
NOTE- Just sharing my view....not a tip nor advice!!!
REASONS
1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines)and right now down swing move is under process(in the form of descending channel)
2. In the weekly time frame, it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below)
3. In the daily timeframe, Head & Shoulders pattern too visible(shown below)
4. There is Consolidation zone(in form of a rectangle box).
5. SL can be day candle closing above 796(candle escaping out of the box)
6. Target - 730,717,700
7. Strong support down near 675 levels(rectangle box shown)
Let's see how it moves!!!
NOTE- Just sharing my view....not a tip nor advice!!!
Trade aktif
Catatan
very tight range...volatile move can be expected!!!Catatan
still inside the consolidation zone!!!Trade aktif
Trade aktif
Catatan
still inside the zone!!!Trading ditutup: stop tercapai
Catatan
escaped out of the zoneCatatan
entering again....keep it in watchlist...
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.