Targeting Bharti at the Rs 360 mark: Jitendra Mehta
Bharti is heading towards Rs. 360 mark, which is a level where we are looking at.
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| Jitendra Mehta, Technical Analyst, Edelweiss
It is interesting to see that you have a buy call on Bharti and Ranbaxy. What are the levels that you are working with?
Jitendra Mehta: Bharti actually, we have been pushing for very long time now and now what we see is now it has actually moved closer to this higher level and was broken through 330 levels, it is heading towards Rs. 360 mark, which is a level where we are looking at.
Coming back to Ranbaxy again, now it has started sustaining above this 500. Technically you can look at a formation of select pattern and a subsequent breakout. It is slightly overbought right now but then we see it going till around 530-535 levels.
It is interesting to see that you have a buy call on Bharti and Ranbaxy. What are the levels that you are working with?
Jitendra Mehta: Bharti actually, we have been pushing for very long time now and now what we see is now it has actually moved closer to this higher level and was broken through 330 levels, it is heading towards Rs. 360 mark, which is a level where we are looking at.
Coming back to Ranbaxy again, now it has started sustaining above this 500. Technically you can look at a formation of select pattern and a subsequent breakout. It is slightly overbought right now but then we see it going till around 530-535 levels.
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