Techno-Funda-Feature-Image

Headquartered in India, Bharti Airtel is a global communications solutions provider with appx. 480 Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa.

BhartiAirtel-techno-funda

Company BHARTIARTL
Recommendation Accumulate (Rs. 714.35)
SL Rs.690
Target Price Rs.760
CMP Rs.714.35
Time Horizon 2-4 Weeks

BhartiAirtel-techno-funda-graph

The stock is in strong up trend forming higher peak and higher trough in all time frame. It has generated a bullish channel  breakout signaling continuation of the up move and offers fresh entry opportunity .We expect the stock to accelerate its current up move and head towards 760 level. The stock is seen rebounding taking support at  20 SMA which placed at 710  which has acted as strong support in the previous session. The daily MACD is in up trend and is seen diverging from its nine periods average thus validates positive bias, so one can initiate a buy position at current level with a stop loss of 690  and respected target seems upto 760.Time frame should be 2-4 weeks.

Source: Capitaline Database, EWL Research, Company

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