Bharti Airtel a rangebound stock
Technical Analyst, Rajat Bose is of the view that Bharti Airtel is a rangebound counter.
Bose told CNBC-TV18, “From here, Bharti Airtel has to know if it were to remain bullish then it should actually cross Rs 805-825 range. If it were to do so convincingly then Bharti will move up otherwise Bharti is also a rangebound counter and pretty much volatile at that and so at this level, if it goes close to about Rs 790, there could be some selling unless of course it clears Rs 805, I would say that buying here is not really advisable.”
Disclosure: I do not own personally any of the stocks but some of the stocks that I have discussed; I might have given some recommendations for trading to my clients.
Source :- Moneycontrol
Bose told CNBC-TV18, “From here, Bharti Airtel has to know if it were to remain bullish then it should actually cross Rs 805-825 range. If it were to do so convincingly then Bharti will move up otherwise Bharti is also a rangebound counter and pretty much volatile at that and so at this level, if it goes close to about Rs 790, there could be some selling unless of course it clears Rs 805, I would say that buying here is not really advisable.”
Disclosure: I do not own personally any of the stocks but some of the stocks that I have discussed; I might have given some recommendations for trading to my clients.
Source :- Moneycontrol
posted by rtotla at
9:41 AM
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