Stock of the day: Buy Bharti Airtel Ltd For Target Rs.854 By Religare Broking
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Bharti Airtel Ltd
* BHARTIARTL has been trading with the corrective bias for the last one and a half months, after making a new record high at 860.55 levels.
* Tested the major support zone of medium term moving average i.e. 100 EMA on the daily chart and witnessing rebound now.
* The chart pattern combined with the existence of a support zone is pointing towards gradual recovery ahead.
* We thus suggest initiating fresh long positions.
BUY Bharti Airtel Ltd CMP (Rs):819.10 Range:810-815 SL:798 Target:854
Technical Chart : Daily
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