Bharti Airtel has target of Rs 923-930: Bose

Technical Analyst, Rajat K Bose is of the view that Bharti Airtel has target of Rs 923-930.

Bose told CNBC-TV18, "Bharti from a technical perspective looks very good. In fact, it has actually broken the range; it was consolidating between Rs 850 and Rs 830 for quite a while. Yesterday it went down and today after the results market is positively surprised it has taken it up. Now the next targets to look for would be Rs 923 to about Rs 930. If it clears that then one expect this particular movement to continue."

He further added, "If Idea gets passed Rs 116 to Rs 120 range then expect upswings to continue otherwise it may actually come back and consolidate at current levels."

"Hero Honda has actually given strong movements in the past but those movements have been proved to be dissimilar, they do not sustain. So I would not place too much of a confidence in Hero Honda."