Trading calls by Ajit Mishra of Religare Broking: Buy Bharti Airtel, GAIL

Gail has witnessed a fresh breakout on Tuesday, after spending nearly one and a half months in a consolidation range

BHARTI AIRTEL LIMITED

Recommendation: Buy

Last Close: 552.45

Initiation range: 550-554

Target: 595

Stop loss: 538

Bharti Airtel has witnessed a fresh breakout from a consolidation range after spending nearly two months It strongly upheld the support zone of long-term moving average( 200 EMA) on the daily chart throughout that phase. Indications are in the favor of a steady rise from hereon. Traders shouldn't miss this opportunity and create fresh longs in the mentioned zone. 

GAIL (INDIA) LIMITED

Recommendation: Buy

Last Close: 143.75

Initiation range: 141-143

Target: 155

Stop loss:138

Gail has witnessed a fresh breakout on Tuesday, after spending nearly one