Bharat Electronics Limited
Recommendation: Buy
Last Close: Rs 189.95
Initiation range: Rs 184-187
Target: Rs 202
Stop loss: Rs 180
BEL witnessed a breakout from a narrow congestion band of Rs 180-186 levels on July 28 after nearly a month. It’s currently trading at its record high and looks firm to continue the prevailing trend. We thus suggest traders to create fresh longs as per the given range.
Bharti Airtel Limited
Recommendation: Buy
Last Close: Rs 567.90
Initiation range: Rs 560-565
Target: Rs 600
Stop loss: Rs 545
Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs