Bharti
Infratel Ltd on a daily chart stock price is making higher high and higher low pattern
with increase in volumes, indicate positive outlook for the stock price.
Technically on daily chart stock price at Rs. 339.90 has given the breakout of
descending triangle pattern, also we witnessed a double bottom pattern,
indicate stock price can rally towards previous high swing, which look most
likely. Momentum Oscillator MACD started moving north, 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. 339 for the target of Rs. 395 levels, with Rs. 324 stop
loss on closing basis.
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