Bharti, R Comm stocks look attractive for trading

In an exclusive chat with ET Now, Jitendra Mehta, Technical Analyst, Edelweiss, gave his views on trading telecom stocks. Excerpts:

In an exclusive chat with ET Now, Jitendra Mehta, Technical Analyst, Edelweiss, gave his views on trading telecom stocks. Excerpts:

A 5% move in Bharti Airtel, clearly not an accumulating kind of a move but one, would you trade any of the telecom stocks and if you were to between Bharti, R Comm and Idea, probably R Comm is the only one, which has not moved, which one would you trade?

Necessarily as of now if you look at the momentum, it is quite strong in all the three stocks. Bharti remains the top pick at this price also. If there is a strong momentum, there is a bullish uptrend. In Bharti, around 325 to 335 can be a good long bet from here. Even R Comm looks quite attractive. I would not mind putting up some long trades on R Comm here. It can easily move up till 180 levels, so both the stocks look attractive for trading long here.
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