Telecom Stocks Buzzing

Bharti Airtel has been on the move and is making an attempt to breach its all-time highs. With strong bullish momentum in place, we think a  move above 610 could take the price higher towards a target of 750.

While we will wait for a breakout above 610, this is something we're keeping a close eye on going forward.

Click on chart to enlarge view.

Vodafone Idea is another stock we like. The price has broken above the resistance, which had been an area of strong overhead supply in the past.

A sustained move above 12.75 would open up a target of 18.90 in the weeks and months ahead with 12.75 acting as our risk management level.

Next up is Reliance Industries. The price has found it difficult to move past the 2,060 mark and has been moving in a sideways range.

We are bullish on Reliance ONLY if the price moves above 2,060 which will then act as our risk management level. The next targets to track would be 2,340 and 2,800.

We will be sharing many more such interesting setups from various sectors in our January 2021 Monthly Conference Call.

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team