Still treat this as corrective in nature as the major indicators are still in sell mode.
Bharti Airtel is one stock which has been hammered and I presume there are enough indications that the stock has been a victim of over-reaction (as usual)...
Consider a break out level of Rs 320 and major support level of Rs 299. A break out above Rs 320 should give targets in the range of 355 to Rs 370... Return to risk favors the buyer now! .
Short term traders may want to jump in and take benefit!
Happy bottom fishing - should we say ?
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
1 comment:
bharti at 293..is it a screaming buy?
wat shud be the strategy for shorter term?
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