Thursday 22 September 2016

Bharti Infratel Ltd – Rounding Pattern Breakout

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Bharti Infratel Ltd on a daily chart stock price has given the breakout of the rounding pattern and its closed above the same. Also 3 days back stock has also given the breakout of the symmetrical triangle pattern, indicate rally will only continue towards north. Stock price is making higher high and high low pattern which add more bullishness for the stock price.  


If one were to go by the volume data, a higher upswing is seen on the stock price. Trader or investor can accumulate at Rs. 375 for the target of Rs. 398/408 levels, with Rs.360 stop loss on closing basis.


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