Bharti Airtel can go upto Rs 330-335: Thacker

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Bharti Airtel can go upto Rs 330-335: Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Bharti Airtel can go upto Rs 330-335.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel Bharti Airtel BSE | NSE 10/02/12 Are Mutual Funds betting on Bharti Airtel?

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Bharti Airtel can go upto Rs 330-335.

Thacker told CNBC-TV18, "The good part for Bharti Airtel over here is that the last two upswings were capped by 89 day moving average. Technically speaking today, yesterday in fact the stock price managed to break above that so I think in the short-term it would probably do better than the rest of the market. It has been under performing for quite some time now. May be it will so some kind of catch up and it might head towards level of Rs 330-335 in the short term. Upsides will be capped if you look at a slightly longer term or a medium term chart for traders still makes sense to get into something like this."