Book profit in Bharti Airtel at Rs 290: Thacker

Thacker told CNBC-TV18, “Bharti Airtel price now appears to have made a good bottom at levels around Rs 255-256. If you see the price chart or the price movement it made 3-4 swing lows around those levels. I am looking at the stock to get past around levels of around Rs 290 which is the 89 day moving average. Once it does that a move upto as high as Rs 315-320 looks very likely so while if somebody has already bought bharti at lower levels take some profit at Rs 290 and wait for the stock to give a breakout or if somebody wants to enter fresh especially with a leverage trader above Rs 290 you would see more strength come into the stock.”