Bharti Airtel Limited is a global telecommunications company with operations in 17 countries across Asia and Africa. In India, the Company’s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed home broadband, DTH and enterprise services, including national and international long-distance services to carriers. Mobile Services offers postpaid, pre-paid, roaming, Internet and m-Commerce services. Telemedia Services provides fixed-line telephone and broadband services for homes in 87 cities pan-India.
SHORT TERM PERSPECTIVE
|Company||Bharti Airtel Ltd.|
|Stop Loss (SL)||Rs.535|
|Time Horizon||2-4 Weeks|
Intermediate and Long term trends are up in this stock. Stock is continuously trading with higher top, higher bottom pattern formation on daily as well as on weekly chart; this is a bullish pattern in nature. A bullish RSI and MACD buy signal has emerged on the Daily chart. After a sharp up move, stock is consolidating at the higher levels without breaking the immediate support. Increasing in volume and positive diversion from oscillator indicate that stock can move higher from current level so one can initiate a Buy position at CMP Rs. 584.35 with a stop loss of Rs. 535 (closing basis) for the target price of Rs. 630- Rs. 650.Time frame should be 2-4 weeks.
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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