Weekly trading ideas by Religare Broking: Buy Bharti Airtel, Titan Company

TITAN, after the breakout from a consolidation range, is gradually inching higher while holding strongly above the support zone of the long term moving average( 200 EMA) on the daily chart

Aurobindo Pharma 
 

Recommendation: Buy 

Last Close: 864.10

Initiation range: 860-865

Target: 930

Stop loss:830

We’re seeing a good amount of traction in the pharma space and AUROPHARMA is among the top performer. It has recovered almost vertically from the March lows i.e. 288.85 and currently trading at its record high. The reversal of the trend in the pharma space combined with the chart pattern of the stock is indicating a steady rise ahead. We thus advise initiating fresh long positionsin the given range.

Bharti Airtel
 

Recommendation: Buy

Last Close: 549

Initiation range: 544-548

Target: 594

Stop loss: 532

BHARTIARTL has