BHARTI AIRTEL
Current Price: Rs 339,
Target Price: Rs 347
The stock appears to be in recovery mode with three uptrending sessions in succession though this could be short-covering from around the Rs 325 level. It has a target in the range of Rs 345-350. Keep a stop at Rs 335 and go long., Add to the position between Rs 342 and Rs 344 and reset the stop to Rs 340. Book profits above Rs 346.
BPCL
Current Price: Rs 703,
Target Price: Rs 722
The stock has jumped on high volumes. It has resistance at Rs 720-725 levels, which it has tested once and could test again. Keep a stop at Rs 695 and go long. Add to the position between Rs 708 and Rs 710 and reset the stop to Rs 705. Start booking profits above Rs 721. If you can hold three-five sessions, there is a chance that the stock could move till Rs 740.
DLF
Current Price: Rs 278,
Target Price: Rs 265
The stock could be on the verge of a downside breakout. It could drop till around Rs 265 after falling below support at Rs 280. Keep a stop at Rs 283 and go short. Increase the position between Rs 273 and Rs 275 and reset the top to Rs 277. Start booking profits below Rs 266.
(The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated)