Bharti Airtel has resistance at Rs 327-334, says Anu Jain of IIFL Private Wealth Management.
Jain told CNBC-TV18, "Bharti Airtel charts are looking good. In the sense that between Rs 303-306 is a very strong band of resistance, which has existed for Bharti since it started going to the sub Rs 300 levels. It comes back and test those Rs 303-305 levels and recedes back to those Rs 290-288 levels again. Today it is kind of breached that. I would probably look towards the end if it can hold and if there is buying and if it sustains over Rs 306, I think it is a short term breakout."
She further added, "You can see Rs 306 going back to the zone that it use to trade in till the Zain takeover was announced. So you can go to those Rs 327 to Rs 334, that being the basically the first resistance that you would see."
"I think there is a good scope this time because a lot of consolidation has happened and at Rs 330 odd if it is taken off it can even attempt an Rs 350. I think on lower levels now this stock is looking pretty decent to kind of accumulate."
