Bharti Airtel : Momentum Buy

10 thg 4, 2019

Bharti has come out of multi week consolidation range of 280-340.It has also close above 23.6% retracement of the entire fall from 600-280 level. Stock is looking good for 385-400 level which is 38.2% and earlier resistance of upmove. Positive news from industry that pricing is likely to stabilise in near future has given momentum to the stock. Trader can buy stock in range of 345-335 with stop loss below 328( closing basis) for target of 385 and then 400.