3 stock ideas by Ajit Mishra of Religare Broking: Buy BEL, Bharti Airtel

Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs 520 levels

Bharat Electronics Limited

Recommendation: Buy

Last Close: Rs 189.95

Initiation range: Rs 184-187

Target: Rs 202

Stop loss: Rs 180

BEL witnessed a breakout from a narrow congestion band of Rs 180-186 levels on July 28 after nearly a month. It’s currently trading at its record high and looks firm to continue the prevailing trend. We thus suggest traders to create fresh longs as per the given range.

Bharti Airtel Limited

Recommendation: Buy

Last Close: Rs 567.90

Initiation range: Rs 560-565

Target: Rs 600

Stop loss: Rs 545

Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs