Bharti Airtel Ltd on a daily chart stock price is
making higher high and higher low pattern with increase in volumes. indicate rally
will continue towards north. On a chart, we witnessed stock price is trading
near the breakout of rounding pattern, any trade or closed above Rs. 330 level,
stock price can rally towards previous high swing level. Momentum Oscillator
RSI has more room left on upside, which further add bullishness into 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 above at Rs. 330 for the target of Rs. 359 levels, with Rs.
314 stop loss on closing basis.
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