Bharti Airtel is one of the largest telecom services provider in
India.
Stock is trying to break its current resistance of 370. Today
stock has closed near 373.
This breakout has come with good volumes- whatever may the reason
be.
The momentum is can take the stock to its next resistance near
405. One can buy and hold Bharti for target of 405 in nest 15-20 trading
sessions. Maintain stoploss near 349.
Bharti Airtel: Buy
Trade Type: Positional
Target: 373
Stoploss: 349
Current Price: 373
Buying can be done at current level as well as near 460-450 levels if it corrects a bit from current level.
As can be seen on weekly chart, stock has broken out of earlier
high near 370. NO major resistance till the level of 405
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