• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Bharti Airtel reversed from our first target last week and has closed the week on a very negative note.

The stock has moved below the 50-day moving average as well as the intermediate term trend line. A close above Rs 864 is required to make the short-term outlook positive again.

If the stock struggles to do so, it will imply an impending fall to Rs 795 or Rs 782. Investors can hold the stock with a stop at Rs 780 and traders can watch for buying opportunity around this level. A move below Rs 782 will take the stock to the 200-day moving average positioned at Rs 750.

— Lokeshwarri S. K.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Some clues on global cues

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line