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Published on 6/07/2020 10:29:09 AM | Source: Motilal Oswal Financial Services Ltd

Buy Bharti Airtel Ltd For Target Rs.610 - Motilal Oswal

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Technical Trading Idea

* Stock is moving in a strong uptrend and sustaining well above the channel breakout level on monthly chart. It gave a Bullish Flag pattern on daily chart, which is a trend continuation pattern. RSI oscillator is placed positively on daily chart, indicating strength in the counter. Considering current chart structure, we are expecting an up move towards 610 levels in coming days.

* Thus, we advise traders to buy the stock with stoploss of 567.

Buy Bharti Airtel Ltd 2-3 Days CMP 581 Target 610 SL 567

 

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