Stock of the day : Bharti Airtel Ltd by Target Rs. 2020 - Religare Broking Ltd

Bharti Airtel Ltd
Buy Bharti Airtel Ltd CMP 1913 Range 1910-1915 SL 1860 Target 2020
* Bharti Airtel registered a decisive upside breakout following a prolonged consolidation phase, supported by strong buying interest.
* Elevated volumes accompanied the move, with prices sustaining above key medium- to long-term EMAs, namely the 50, 100 and 200 DEMAs.
* The stock successfully closed above immediate resistance, previously defined by a descending trendline.
* Given the technical strength and confirmation of trend reversal, investors may consider initiating long positions within the current price range.
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