Flag pattern on Bharti; BUY; [CMP 302 T 346+ SL 289]
Share price of Bharti is breaking out of its 200 SDMA after consolidating for last 9 sessions. The price pattern resembles a Flag pattern where an upmove is followed by sideways consolidation leading to next leg of upmove. In general the current price is around half mark of the rally. Projecting forward from the same the price target comes to 346 on Bharti.
The oscillators are bullishly aligned and the volumes are expected to increase above 306 level.
Trade long for upside target of 346 with stop at 289 (to be trailed increasingly)
