Bharti Airtel<\/a>, part of the telecom space, which touched a fresh record high of Rs 815 on Monday, could well surpass Rs 1,000 level in the next 2-3 quarters, based on chart patterns.

The S&P BSE Sensex stock rallied more than 27 per cent from its 52-week low of Rs 629 recorded on July 14, 2022. The stock saw almost a vertical upmove since July.

Short-term traders who missed the rally seen post June can look to enter the stock now or on dips for a possible target above Rs 1,000 in the next 2-3 quarters, suggest experts.

The telecom stock recorded its multi-year breakout in June 2020 quarter and since then it has been moving higher.

Although, since November 2021, the stock largely moved in a range where Rs 780 acted as a stiff resistance while levels above Rs 600 acted as strong support. The stock recently gave a breakout from this range last week to hit a fresh record high of Rs 815.

The recent price action suggests that bulls are here to stay. It rose over 5 per cent in a week, and nearly 12 per cent in a month, Trendlyne<\/a> data showed.

The stock is trading well above crucial short-and-long-term moving averages of 5,10,30,50,100 and 200-DMA which is a positive sign for the bulls.

The relative strength index (RSI) is at 66.7. RSI below 30 is considered oversold and above 70 is considered overbought.

“This stock posted its multi-year breakout in June 2020 quarter at Rs 532 levels saw a strong leg of upmove. It can be observed that the stock after its rise, was in consolidation for the last 3-4 quarters where the lower end was around Rs 630 and the higher end at Rs 780 levels,” Sujit Deodhar, Head - Technical Analyst, Wellworth Share and Stock Broking, said.

“This stock witnessed a strong breakout in last quarter with a big bullish bar and the target projected for the next leg of upmove can be placed at Rs 1,035-1,040 levels in next 2-3 quarters,” he said.

Any dip towards Rs 760-780 levels offers a great opportunity in this stock and a stop loss below Rs 745 should be placed for the trade, recommends Deodhar.

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这电信股票在纪录高点可能在未来2 - 3季度超过1000卢比的印记

尽管如此,2021年11月以来,股票主要在一系列Rs 780年充当了顽强抵抗而高于Rs 600作为强有力的支持。这个范围内的股票最近突破了上周创下历史新高的815卢比。

更新2022年10月4日上午11:11坚持

Bharti Airtel电信的一部分空间,触及纪录新高的Rs 815周一,很可能超过1000卢比在未来2 - 3季度水平,根据图表模式。

标准普尔BSE Sensex指数股票大涨逾27%的52周低点Rs 629记录在7月14日,2022年。自7月以来股票几乎垂直upmove看到。

短期交易者错过这波涨势见邮报6月可以逢低进入股票现在或寻找一个可能的目标高于Rs 1000在未来2 - 3季度,建议专家。

电信股票创下多年突破2020年6月,季度,从那时起,就一直在上升。

尽管如此,2021年11月以来,股票主要在一系列Rs 780年充当了顽强抵抗而高于Rs 600作为强有力的支持。这个范围内的股票最近突破了上周创下历史新高的815卢比。

最近的价格走势表明,公牛仍然呆在这里。它在一周内上涨超过5%,近12%一个月,Trendlyne数据显示。

股票交易价格远高于至关重要的短期和长期移动平均线的5,10,50100和200 - dma这对公牛是一个积极的迹象。

相对强弱指标(RSI)为66.7。肢体重复性劳损症低于30被认为是超卖,70以上被认为是超买。

“这股票创下多年突破2020年6月季度upmove Rs 532年水平又看见一位大力站。它可以观察到,股票上涨后,在整合过去3 - 4季度的低端Rs 630和高端的Rs 780年的水平,”主管Sujit Deodhar——技术分析师Wellworth股票和股票经纪,说。

“这股票强劲突破最后一个季度有一个乐观的酒吧和目标投射下一段upmove可以放置在未来2 - 3季度Rs 1035 - 1040年的水平,”他说。

任何倾角对Rs 760 - 780年的水平提供了一个很好的机会在这个股票和止损应该Rs 745以下贸易,建议Deodhar。