Below Rs 322, Bharti Airtel may slip to Rs 304: Anu Jain

89557 Investors following Bharti Airtel. Share this News with them.

0

Like this story, share it with millions of investors on M3

Below Rs 322, Bharti Airtel may slip to Rs 304: Anu Jain

Below Rs 322, Bharti Airtel may slip to Rs 304, says Anu Jain, Sr. Vice President of IIFL Private Wealth Management.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel

Below Rs 322, Bharti Airtel may slip to Rs 304, says Anu Jain, Sr. Vice President of IIFL Private Wealth Management.

Jain told CNBC-TV18, "Bharti Airtel is looking weak so is Idea Cellular , both of them are looking bad. Bharti is around those levels where it had made a bottom last time about a few weeks back but right now at Rs 330, if it breaks Rs 322 level around which it bottomed out you could probably see it going up to Rs 304 and that's not looking comfortable."

She further added, "Even Idea is giving a very similar pattern. It's already given up quite a lot over the last one month but its showing that it could probably give up another 5-6% from there. Only Reliance Communications from that sector for obvious reasons doing well. So I am skeptical on the whole telecom sector."