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Friday, September 17, 2010

Bharti Airtel: 1st target achieved

powerfulpicks call update: Towards the end of July 2010, when Bharti Airtel was around 308, I had called: "With some corrections in between and some ups and downs, Bharti should move back to 350+ in a few months from now."
 
Then on Sep 2, 2010, I had again written: "I inspected Bharti Airtel's chart today morning and I found that the candle stick pattern is appearing extremely upbeat. It can easily move to 359 and then to 378 in the next 3 months. Accumulate in small quantities. Can even hold for longer term."
 
Bharti touched 360 today (17% in 1.5 months) and closed at 359.50 and thus the first target was met today. Book 25% profits and hold the rest for 2nd target. In the longer term, Bharti Airtel can touch 407.

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