After 11 years of struggle, MTNL headed higher; Vodafone may see 40% jump

The slew of developments in the telecom space over the past few weeks have brought back investors' interest in this sector. Most stocks should do well over the next few sessions, tech charts show

BSE Telecom Index
Likely target: 2,000
Upside potential: 8%

The index has conquered the resistance of 1,850 mark recently. The current level reflects the retest of the breakout, which the index is holding firmly. The next immediate support comes in at 1,750 which needs to be defended on a closing basis for the index to move higher in the coming sessions. The overall trend suggests that the BSE Telecom index is headed towards 2,000 levels as long as the support is protected, according to the daily chart. CLICK HERE FOR THE CHART