Bharti - Seems to be double bottom getting in place around 314 levels. Can be traded on positive side with stop loss around that level. 314 and 304 are buyers area with 335 - 340 as seller area.
Rcom - This one has been laggard from telecom space. I place this along with TTML and Tata Comm. Rcom is in secular bear grip, making lower highs and lower lows. I would avoid this one.
I agree with Achin's view the only difference is the stock is trying to get support at lower levels so if it is able to cross 87.15 today can give some upside.
Hi,
ReplyDeleteI would like to know details about Bharti Airtel and RCom for short term view.
Thanks in advance.
Bharti - Seems to be double bottom getting in place around 314 levels. Can be traded on positive side with stop loss around that level. 314 and 304 are buyers area with 335 - 340 as seller area.
DeleteRcom - This one has been laggard from telecom space. I place this along with TTML and Tata Comm. Rcom is in secular bear grip, making lower highs and lower lows. I would avoid this one.
I agree with Achin's view the only difference is the stock is trying to get support at lower levels so if it is able to cross 87.15 today can give some upside.
ReplyDelete