Bharti Airtel can test Rs 410-415: Amit Harchekar

Bharti Airtel can test Rs 410-415 in the medium term, says Amit Harchekar, Sr Technical Analyst -CMT, India Private Client, IIFL.

Harchekar told CNBC-TV18, "There is a good breakout seen in Bharti Airtel above Rs 365 and we can expect this up move to continue. The stock might test the levels of Rs 410-415 in the medium term."
He further added, "Reliance Communication is facing stiff resistance at Rs 115. So unless that level is taken out I expect the sideways trend to continue between Rs 100 and Rs 115 on the higher side."