Indian stocks

I generally avoid giving stock-specific calls in my blog as stock suffers from more idiosyncratic risk compared to the index. But at times the chart looks so compelling that I can’t resist writing about them. The last stock-specific call I gave was on reliance industry on 22^nd February 2017  when it was trading at 600 levels with a target of 800 and 1150.

I followed up on this call on 25th January 2018, reiterating my target of 1150 on reliance industries. Ultimately reliance industry moved up by 200% in the last three years and recently made a high of 1600 rupees exceeding my initial targets. 

I came across a similar stock which looks equally compelling. If we look at the given chart of Bharti Airtel. The stock is breaking out of 13 years long consolidation pattern and the target for Bharti airtel will be as high as 900 to 1100 rupees.