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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