Bharti Airtel - Gathering steam to test previous high of 850

4 Reasons to why Bharti is a good 4-8 week bet - A 10% move is not completely unlikely but 5% is probably par for the course

• Weekly charts setting up consolidation, as is the monthly
  
• Good results - clearly profits are what leads the price for Bharti (see the charts)
  
• Satisfies the Mark Minervini criteria template for a strong stock
  
• Options are cheap - just 18% IV which is in the bottom 20%
  

Trade active:

Moving as expected - continue to hold

Comment:

Take profits at 845 or so if it gets there. See that it keeps coming back from 845. Once it does cross it could go to 880 (previous high) - however good to lock in gains

Trade active:

This trade is still good to go. Hang onto it unless the market completely turns around. It is getting hit back from 845 and that needs to be cleared on big volumes to setup 900
If it turns back again from 845 - I will probably take my profits and cut it