Bharti Airtel rangebound between 800 to 900

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Bharti Airtel rangebound between 800 to 900

Technical Analyst, Ashwani Gujral is of the view that Bharti Airtel is rangebound between 800 to 900.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel Bharti Airtel BSE | NSE 28/05/12 Are Mutual Funds betting on Bharti Airtel?

Technical Analyst, Ashwani Gujral is of the view that Bharti Airtel is rangebound between 800 to 900.

Gujral told CNBC-TV18, "Bharti Airtel is one of those stocks where I have become careful because it seems to be giving out those signals of topping off like ICICI Bank or Bharti; things, which have started leading some sort of a correction, so probably it has entered some sort of a medium-term consolidation and if in any kind of a market decline, you can get Bharti around Rs 670, which is the 200 day moving average that would be a good price to get into Bharti but if you get in around here, you will probably see a rangebound moves for a long time before it starts to move out. Right now it is rangebound between Rs 800 and Rs 900 but I do see it coming off a bit before it can make its next move. So Rs 670 is sort of a price where it should be bought and probably in the next large move, it will reach Rs 1000."