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Bharti Airtel demonstrated a bullish breakout above the small falling channel pattern at Rs 1,150 on the weekly chart, suggesting a possible continuation of the medium-term uptrend.
The buy-on-dips strategy is likely to persist as long as it remains above 22,400. On the upside, a decisive move above 22,500 could trigger buying interest in the market, potentially pushing the index towards 22,700 in the short term.
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Indiabulls Housing breached a ‘consolidation’ zone of Rs 202-160 on the weekly chart, suggesting a continuation of the medium-term uptrend.
Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — CG Power & Industrial Solutions Ltd, Happiest Minds Technologies Ltd, and Castrol India Ltd.