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Bharti Airtel Has Outperformed Telecom Sector, More Buying Should be Seen in Short term

By Bhaveek Patel Leave a Comment

Bharti Airtel Ltd. was listed on NSE on 15 February 2002, this company is leader in telecommunication sector. It has largest subscriber base in India, than any of its competitors. Although the telecom sector did not perform well in the last 2 years, but we see after the launch of 3G services in its circles we see that there will good revenue from the 3G operations.
When we look at the chart of BHARTIARTL stock we see that it has established a bullish trend, where the support is established by the 45 EMA. So we will be looking for only buys as long as the stock remains above the 360 level which will invalidate our long entry. So our entry must be above the 360 level for the target level of 390 and 421 level, and protective stop loss orders can be placed just below our entry level i.e below 359 level. This is again a good bet for the risk reward ration point of view. Technical analysis is perfectly followed by stock on weekly and monthly charts.
Bharti Airtel

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Category: Short Term Stocks Tags: BHARTIARTL Stock/ Short Term/ Telecom Sector

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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