indiamarketoutlook

Bharti Airtel: Like a Phoenix rising

Long
NSE:BHARTIARTL   BHARTI AIRTEL LTD
Bharti Airtel
CMP 540

Telecom sector had been out of flavor for a long time now.

However the current chart pattern reflects things have changed and possibly changed for the good. Bharti Airtel has now broken above the parallel channel after 12 long years.

Could this be a signal that the worst is over...

Only time will tell.

But the current setup suggests any dips especially towards 510-485 levels is a good entry opportunity in the stock and the target for current set up comes around 786-820 levels

Take care & safe trading...!!!
Comment: Trade active
Bharti Airtel makes a low of 507 today.
Trade active: Bharti Airtel Opens at 487
Very close to lower end of the buying range mentioned
Looking good to accumulate...