Bharti Airtel - Are we done with this rally?
מעודכן
Looking at 4 reasons why we are just out of the first powerplay in Bharti
Bottom Line - Wait for consolidation around 860-900 levels before coming back in. Try to give the results a miss and get in (if at all) after the event.
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their entire capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
- The move from 800 to 900 took about 2 months. Generally stocks trend for 3-6 months
- The street is still underweight Bharti (because of Jio) - this result could see it cross 900
- This stock has moved from a stock market makers used to love (with IV < 15%) to one where IV > 21% - thats a huge move in perception of the upside amongst market makers
- So 1000 is possible on back of solid results - but keep a look for weak earnings, weak guidance - that cud cut this rally short
Bottom Line - Wait for consolidation around 860-900 levels before coming back in. Try to give the results a miss and get in (if at all) after the event.
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their entire capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education & analysis only. Please do your own research before risking your capital.
עסקה פעילה
If you took off 50% at 890 then 860 is the right place to get a re load. Otherwise just hold the rest and cut it off at 21 EMA dropהערה
Right back to 885 - strong demand here on all dipsהעסקה בוטלה באופן ידני
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