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BHARTI HEXACOM LTDBHARTI HEXACOM LTDBHARTI HEXACOM LTD

BHARTI HEXACOM LTD

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BHARTIHEXA trade ideas

I like (not love) BHARTIHEX long @ 1329.25There's nothing I really LOVE on the NSE for today, but several names that are oversold and that I think I'd maybe trade if I could. Of those, $BHARTIHEX is maybe a tiny bit better bet than the others. I definitely wouldn't go all in on it though. Well, I never do on a trade, that's not how I roll. I'm tactical DCA or die. Especially in this case. While it is in a nice general uptrend, it did break through its uptrend line to the downside. How far it goes below that is anyone's guess. It doesn't have a long trading record, and I don't like that. But what record it does have has been that it tends to bounce back fairly quickly and sometimes significantly when it is oversold. It also has some support in the 1290-1300 area which is what gives it the edge in my book over the other possible names to trade today. I would not, however, reach to get in on this. If I couldn't get it for Friday's closing price or cheaper, I'd look elsewhere today. Plus, I have no idea what the general market sentiment is there on this Monday, so that makes me extra cautious. On the plus side, you can see it broke below the bottom of the regression channel Friday, but rallied back to close within it. That's a positive trend continuation sign in my book. It was also oversold on Thursday before Friday's 2.72% drop, so I'd already be getting it at a "discount" and one day closer to its eventual bounce back out of oversold territory if I opened a position at the level of Friday's close. So IF I could get in at any point today for 1329 .25, pretend I'm long. Otherwise, I'll sit out today and watch my picks in London and especially New York do their things. I hope your trading week starts well! Per my usual strategy, once I'm in I'll add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NSE:BHARTIHEXALong
by redwingcoach
5
BHARTI HEXACOM LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BHARTIHEXA
by zenthosh
BHARTI HEXACOM LTD - Pre and Post IPO StatisticsPO Price: 542-570 Issue Size: 4275 Crores ( 7.5 crore shares) Lot Size: 26 Listed: 755 ( Premium listing - 32.4 % gain ) Closing on Listing Date: Closed in positive @ 813 with good gain of 7.6%) Listing Day Candle: long Range Bull Candle ( open low same) Listing Day Volume: 5.3 crore Listing day open and low PRICE would act as a support in immediate future. Support Range: 755 Bharti Hexacom Limited was Incorporated in 1995, which provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India. The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ; By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready. As of December 31, 2023, the company has 27.1 million customers across 486 census towns. As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network. As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
NSE:BHARTIHEXA
by manuagarwal21