Bharti Airtel can move to Rs 325-330: Sukhani

Bharti Airtel can move to Rs 325-330, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Bharti Airtel went down Rs 280-290 and then bounced. A second test of that low was done when Nifty tested 4800 for the second time and that test has been successful. In case of Nifty we have broken out, but in case of Bharti we have not yet broken out. That means that some stocks go with the market, some earlier and some will follow."
He further added, "I think Bharti is going to do that breakout above Rs 305 level and there are significant rallies here. Rs 315-316 is the short term target, but I think it will be about Rs 325-330 before Bharti takes a pause. So, this is a large cap where a lot of opportunities emerge."
"Coal India has weakest chart patterns. Stocks like Central Bank, Bharti have all made basing patterns and now they are breaking out. Coal India did not do that. It made a V shaped reversal. It went on falling to Rs 300 and suddenly it started going up. So, that to me is a stock that dose not have a base and is really a suspect."
"With all of that negatives Coal India did find support at the right point at Rs 300. There was a rally, that rally was sustained on Friday. So, I would expect Coal India to continue its upmove. If it continues it upmove then Rs 350 is the target, although of all the stocks Coal India would be my last preference for the day."