Buy Bharti for Rs 365 target: Ashuu Kakkarr
One should buy Bharti, probably if you could keep a stop loss of Rs 315 or a deeper stop at Rs 305 for a target of Rs 345 and then Rs 365.
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| In a chat with ET Now, Ashuu Kakkarr, Technical Analyst, Market Strategist, ashuukakkarr.com, shares his views on the outlook of Bharti Airtel.
Even on days the market has not really held up, Bharti is one stock which has been fairly resilient and has bucked the trend. Do you see this momentum going on and what is the kind of headroom that you see for Bharti on the charts?
From a low of Rs 305, a technical pullback has been seen. It has tested Rs 340 and is consolidating on the sideways on a daily and weekly charts. There is a scope for it to retest at least Rs 345. And if it sustains above Rs 345 for the next 2-3 trading sessions, my minimum target could be Rs 365 or Rs 376. So, one should buy Bharti, probably if you could keep a stop loss of Rs 315 or a deeper stop at Rs 305 for a target of Rs 345 and then Rs 365.
Even on days the market has not really held up, Bharti is one stock which has been fairly resilient and has bucked the trend. Do you see this momentum going on and what is the kind of headroom that you see for Bharti on the charts?
From a low of Rs 305, a technical pullback has been seen. It has tested Rs 340 and is consolidating on the sideways on a daily and weekly charts. There is a scope for it to retest at least Rs 345. And if it sustains above Rs 345 for the next 2-3 trading sessions, my minimum target could be Rs 365 or Rs 376. So, one should buy Bharti, probably if you could keep a stop loss of Rs 315 or a deeper stop at Rs 305 for a target of Rs 345 and then Rs 365.
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