Bharti Infratel Ltd share analysis 2017

Bharti Infratel share short term technical analysis

Bharti Infratel stock today closed with 10% plus loss at 293 rupees. Stock hit low around 282. On daily chart, stock is in downtrend and hit its bearish targets of 313 and 282 rupees. We saw strong breakdown at 354 levels and from then stock continuously trending down. Below 282, stock will enter super bearish trend and will short sharp downside levels up to 241 and 210 rupees. Daily closing below 282 means shorting opportunity for future traders in with stop loss above 282 and for target 242 and 211. Bharti Infratel Ltd share analysis 2017

Bharti Infratel share long term technical analysis

Infratel share on weekly chart is in downtrend and given breakdown at 360 rupee levels. For year 2017, my long term bearish technical target were 283 and then 223. Out of which 283 is achieved in first month of 2017. Weekly closing below 283 means downside target of 223 in upcoming months. On upside 360 rupee will be major hurdle and target zone on bottoming out on downside. bharti infratel limited logo

Bharti Infratel Company Description

Bharti Infratel Limited is engaged in providing Telecom Tower Infrastructure sharing for telecommunication services. The Company deploys, owns and manages telecom tower communication structures, for various mobile operators. The Company provides access to its towers primarily to wireless telecommunication service providers on a shared basis, under long contracts. It owns and operates approximately 38,460 towers with over 81,630 co-locations in approximately 10 telecommunication circles. The Company’s services include Tower Infrastructure Solutions, Tower Operations Center, Infratel Enterprise Suite and Advantage Infratel. It also provides service where the anchor operator and the co-operator share the same infrastructure, which includes tower and shelter for housing the base transceiver stations, the onsite power supply equipment, such as diesel generators, battery banks, transmission room, as well as services related to installation, maintenance, repair, overhauling and up gradation.

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Pramod Baviskar

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