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Sunday 5 February 2012

Telecom Scam - Analyzing the after effects Technically

Date:6th Feb 2012

The Telecom Scam and the Supreme court verdict is a past now.What we as investors now need is to analyze the present and future of the listed telecom companies Technically.So lets start with some of the major telecom Stocks

Rcom (95.90): This stock currently is flat but looks as if it would move in the upward direction and touch the level of 117 in the coming weeks.109 can act as a resistance

Idea (95.95):Idea has a strong resistance at 100.I am not so bullish on Idea.If it close below 93 on the weekly chart go short.What an Idea sirji!.

Hathway (149):Looks good as long it is above the level of 143.Stay Invested!

Mtnl (30.15):Avoid for next 3-4 days.

Tata Comm(231.10): Looks Bearish.Go short below 229.

TTML (15.95): Start Accumulating this stock at this level.

Bharti Airtel(387.90):Start Profit Booking.The good news os already over for Bharti Airtel.

Regards
KD

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