BHARTIARTL has been moving in a down-slopping triangle in monthly chart. It is now at the base of the triangle and hence offers an excellent long term buy opportunity. There is always a possibility of slight overshoot downwards which is safe up-to 220 and that should be our stop. Look for break of the upper-line around 350-365 and thereon it should move up Rs.350. That gives us target of around Rs.700, of course in loooong term.
24 August 2012
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