Buy on BHARTI AIRTEL

Buy signal on
BHARTI AIRTEL, after a prolonged bearish move this stock has retraced bullish divergence on the weekly charts. With the MACD histogram giving an uptick on the Weekly charts and both daily and weekly charts having similar bullish divergence pattern. We recommend a buy on this stock above Friday's high of 303.75 having a stop of 18.50 points from entry. BHARTI AIRTEL
is the leader of the Telecom Sector, a bullish move in this stock will take the index to new highs.

Nearest resistance and congestion is at 379-395 levels.

Buy above:
303.75

Stop:
18.50 points from entry

Target:
Hold for resistance and further confirmations from charts.

Note:

Do not risk more than 2% of your capital on any single trade.

Cash is King, hold capital in reserve to be in the market on a long term basis.

A 20% gain Year-on-Year on a consistent basis is considered to be a Master trader.