Bharathi Airtel Ltd - Head and Shoulder & Descending Triangle
Hi Guys,
Please find the detailed analysis of my view in Bharathi Airtel Ltd
Time Frame of Chart - Daily
Current Trend: Bearish
Trend Reversal Pattern found in Candle Stick: Hanging Man
Volume Support the Reversal based on Candle Stick : Yes
Whether EMA50 Cross EMA200? Flat
ATR Volatility? Down
Chart Pattern: Triangle (Descending) and Head & Shoulder
Build Up happened before /after the breakout of the Chart Pattern? Yes. At Support
Breakout Happened? No. Awaited
Breakout Happened with god volume in Chart Pattern? NA
Post Breakout Next Candle in-line with breakout candle? NA
Retest Happened? NA
CPR? - Bullish Bias
Previous Virgin CPR is there? NO
Whether Breakout happened near the CPR? Yes
Support: 520
Resistance: 546.25 and 608.90
Trading:
Sell : Below 520
SL - 550.15 ( Closes Above Daily in TF)
Target - 459.70
Risk: 30.15
Reward: 60.30
Ratio: 1:2
Regards,
Thenali Views.
Please find the detailed analysis of my view in Bharathi Airtel Ltd
Time Frame of Chart - Daily
Current Trend: Bearish
Trend Reversal Pattern found in Candle Stick: Hanging Man
Volume Support the Reversal based on Candle Stick : Yes
Whether EMA50 Cross EMA200? Flat
ATR Volatility? Down
Chart Pattern: Triangle (Descending) and Head & Shoulder
Build Up happened before /after the breakout of the Chart Pattern? Yes. At Support
Breakout Happened? No. Awaited
Breakout Happened with god volume in Chart Pattern? NA
Post Breakout Next Candle in-line with breakout candle? NA
Retest Happened? NA
CPR? - Bullish Bias
Previous Virgin CPR is there? NO
Whether Breakout happened near the CPR? Yes
Support: 520
Resistance: 546.25 and 608.90
Trading:
Sell : Below 520
SL - 550.15 ( Closes Above Daily in TF)
Target - 459.70
Risk: 30.15
Reward: 60.30
Ratio: 1:2
Regards,
Thenali Views.
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