Bharti Airtel, TCS And More - Diwali Muhurat Technical Stock Picks: Axis Securities
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Axis Securities Report
We suggest buying and accumulating the stocks for Samvat 2078 in mentioned range for potential upside of 20%-30%.
Bharti Airtel Ltd.
Since the start of 2007, the stock was consolidating with Rs 560-220 levels however with Sep.2021 close the breakout was confirmed.
On the quarterly and yearly chart, Bharti Airtel stock is trending up forming a series of higher tops and bottoms.
Rising volumes in past couple of years signifies increased participation on yearly breakout.
Tata Consultancy Services Ltd.
TCS stock is trending up on the long term charts forming a series of higher tops and bottoms signalling strong up trend.
With past 3-4 weeks corrective move, the TCS stock is approaching towards its previous breakout zone of Rs 3,400 levels which remains a crucial support zone.
The stock is hovering around its 100-day simple moving average (Rs 3,496) which remains an important support zone.
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