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Published on 19/08/2019 4:11:40 PM | Source: Choice Broking Pvt Ltd

Buy Bharti Infratel Ltd For Target Rs.275 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Infrastructure Sector #Bharti Infratel Ltd #Trading Report #Choice Broking

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* On a daily chart, the stock has given a breakout of its range Bound Movement with aboveaverage volume which indicates a robust upside movement in the counter.

* Moreover, the stock has started to trade above its 21 Days Moving Average which is placed at 254.30 level which shows a positive rhythm in the counter.

* Furthermore, the stock has taken the support of its previous the bottom which suggests a bounce back movement in the counter.

* A daily momentum indicator RSI reading is at 51.75 level with a positive crossover which points out for a positive breath in the counter.

* Based on the above technical structure, we are expecting a good upside movement in the counter in a few trading sessions.

Recommendation

Buy Bharti Infratel Ltd @ 252.10-253.35 Stoploss 243 Target 275 

 

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