BHARTI AIRTEL – BULLISH – DOUBLE BOTTOM

[Vinoth Kumar]

BHARTI AIRTEL – DOUBLE BOTTOM – BULLISH.

Long Position ENTRY – 365, STOP LOSS -342, TARGET – 383.

Two equivalent Bottom, Period Of 1 month, Comparatively high  volume at B.

Correct Me if I am Wrong. I am finding difficult with TARGET fixing Can any one Help me with this problem.

[bhavani]

Hi sir,

Good spot of double bottom. Just try to correlate the bottom with its conditions.

Guess the below chart will clear your confusion.

Trade plan:

Entry long- 396, SL- 340, Target- 452

If you have any doubt  just check how others have done… that will give you a idea.

[kumaravel r]

you have to find the pattern at the end of the chart. Only then you could place an order. If you find it in the middle  of  the chart, it  is the past scenario. I find  this error in most of the charts posted by others too. If am wrong , i too need clarification. Regarding the target fixing, the profit/exit point will be;-  entry point-stop loss point = exit /target point. (for bullish trend)

[bhavani]

Hi Mr. Kumaravel,

This is just a practice session to identify patterns and check whether they qualify their conditions accordingly. Hence we opt for the charts in the middle. Once we complete the 11- 25 day activity, we go for identifying the trend in future.

 

[Author]

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