I analysed this stock on wave counts based on a request from my friend. As per my wave counts this stock seems to be bottomed out at 83. Apart from wave counts, nice price action candles makes this stock a good investment candidate. A nice bullish DOJI followed by two bullish candles, all with high volumes in the weekly chart along with rsi divergence should attract an investor. Good for long term and also short term. Short term (about 3 months) 150 and above. Long term target is 500.
@jothilingammicro, Bhartiairtel has broked out multi year consolidation and presently trading that area as support. As long as it doesnot go below 430-400, it will resume its uptrend. once crossed above 600 in short term will move dissi heights. Anyhow i may misjudge sometime, so do your own analysis.