5G Auction: Bharti Airtel, Voda Idea struggling below 200-DMAs, charts show

Despite the buzz in the telecom sector with the ongoing 5G spectrum auction, Bharti Airtel and Voda Idea need to break and sustain above their respective 200-DMAs for hopes a rally to emerge.

5G telecom auction began on Tuesday with major players Reliance Jio, Bharti Airtel, Vodafone Idea and a new comer Adani Group in the fray to get 5G spectrum that would allow them to offer broadband at a speed ten times higher than 4G. 

At the end of the Day 1 of the bidding, telecom firms reportedly bought spectrum worth more than Rs 1.45 trillion across frequency bands including 5G, exceeding all expectations. Even the much-acclaimed and expensive 700-MHz spectrum was picked up by telecom players. READ MORE

Going this backdrop, here's a quick technical check on telecom players:-

BSE Telecom Index

Outlook: Trend