The market cap of Bharti Airtel Ltd. is 134945.23 Cr., the EPS(TTM) is 21.09 , the P/E ratio is 16.85 and that of industry is 16.48.
Weekly Chart
The weekly chart of Bharti Airtel Ltd. shows that it is moving in the broad range of 310.12 to 362.77.The MACD has crossed above the signal line above the zero level. The RSI is moving in the upwards direction above the 50% level. The Stochastic is also moving in the upwards direction signaling the buy on the weekly chart basis but the resistance is strong at the level of 362.77, if the stock could break this level and sustain there then only it will go higher. There is strong support at the level of 340.44 giving by the 20 and 100 week moving averages.
Daily Chart
The Daily chart of Bharti Airtel Ltd. shows that the stock is returning back from the upper resistance level of 362.77, The RSI is returning back towards the 70% level and Stochastic is returning back from the 80% level, the overbought region, showing that the stock will further correct to a level of 340.44.
Conclusion: One can sell this stock for a target of 340.44 with a stop loss of 362.77, the closing on 1 Aprl 2011 is at 355.30.
Weekly Chart
Daily Chart
The Daily chart of Bharti Airtel Ltd. shows that the stock is returning back from the upper resistance level of 362.77, The RSI is returning back towards the 70% level and Stochastic is returning back from the 80% level, the overbought region, showing that the stock will further correct to a level of 340.44.
Conclusion: One can sell this stock for a target of 340.44 with a stop loss of 362.77, the closing on 1 Aprl 2011 is at 355.30.
Sensex bounced exactly from the level of 16990, I had mentioned that sensex could hit 16969, sensex bounced exactly from 16990.
ReplyDeleteWhat next?
August will be volatile month and will see turbulent markets, the present correction would end in September, when markets take off in a big way.
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