Most private banking stocks remain strong forming higher highs and higher lows, which could lead Bank Nifty to make new all-time highs in the coming weeks.
Bharti Airtel has seen a breakout of horizontal resistance trendline adjoining highs of February 5 & February 21, and formed long bullish candlestick pattern on the daily charts with average volumes.
The share touched a 52-week high of Rs 2,736.35 and a 52-week low of Rs 1,872.90 on 01 January, 2024 and 22 May, 2023, respectively.
The stock has gained 2.28 percent in the last one year and 16.7 percent in the last six months