• 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

The sharp fall in Bharti Airtel towards the end of last week made it test our outermost target at Rs 750.

The stock has bounced from its 200 DMA and has also completed the minimum retracement of the up-move since June 2006.

The stock could move up to Rs 832 and then Rs 858 over the next few days.

Traders can go long in the stock with a stop at Rs 745. Move beyond Rs 858 would mean that the correction in the stock has ended.

Supports would be available at Rs 750 and then Rs 715. Investors can hold the stock until it sustains above the lower support.

More Stories on : Technical Analysis | Stock Markets

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

Stories in this Section
Reining in ECBs

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