₹1,405 level.The stock recently broke above the ₹1,405 level with high volumes, signalling robust strength.This positive sentiment is further reinforced as it trades above its 20, 50, and 200-day moving averages, indicating bullish momentum.It faces a minor resistance at ₹1,435 level. Sustaining above this resistance could trigger additional upward momentum, paving the way for further gains.The Relative Strength Index (RSI) is presently at 58.11 and trending upwards, highlighting increased buying activity and further supporting the bullish outlook.Given these technical indicators, Bharti Airtel presents a compelling investment opportunity."The strong bounce from support, a significant breakout, and favourable RSI readings make it an attractive prospect for investors looking to capitalise on its upward trajectory.
Investors should be cautious and monitor the stock if it falls below ₹1,360, which could negate the positive outlook. A short-term target of ₹1,520 is achievable," said Bagadia.IndiGo is currently trading at ₹4,310.15 level, demonstrating a robust recovery from the support level of ₹4,180.The stock has surpassed the small resistance of ₹4,260 which is also close to its short-term (20-day) EMA (exponential moving average) levels.Currently, the stock is trading above its short-term (20-day), medium-term (50-day) and long-term (200-day) EMA levels.The stock faces a minor resistance near ₹4,375 level on the higher side.A successful breach of this resistance could trigger a significant upward movement, targeting ₹4,600 levels and potentially higher.This upward momentum is further supported by the Relative Strength Index (RSI), which is currently higher at 54.04, indicating growing bullish sentiment.The stock's
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