Bharti Airtel has target of Rs 320, says Kunal Bothra, Sr Technical Analyst, LKP.
Bothra told CNBC-TV18, "I would go long on Bharti Airtel keeping a stop loss of Rs 320. My target would be around Rs 360-362 levels clearly on technical basis because of the double bottom formed at Rs 320 levels."
He further added, "In the last week also I clearly mentioned that Rs 320 is a very critical support, if it breaks that it might start a new fresh leg downside. But if it holds on to that you will definitely see a leg up and it is currently showing that Rs 340 a very good level. Risk reward by Rs 20 on the downside as a support and Rs 360-361 is a target."
