Thursday, April 28, 2016

Stock Analysis Bharti Airtel - potential gains of 10%

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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