Seeking views on Bharti Airtel

Request the TA experts to post their views about future of Bharti Airtel.
The stock is at almost 52 weeks low!!!

Is it a time to Buy?????? or wait for further down side to enter???

RKK, Bharti is underperforming the market. It is near lows of last 3 year when market is still far away from the low of 2008. That means there is something fundamentally wrong (or unclear) there and hence people are dumping the stock.

With their latest news of ZAIN costing them $ 10.7 Billion, when their sales is $7.2 bil and total asset is $ 11.8 bil, there might be doubt about how they are going to finance the deal. In today's market condition, raising capital is not that easy. They are in due diligence till 25-March when finer details will come out. And as market doesn't like uncertainty, probably that is the reason for stock getting the beating.

Mobile market is getting competitive everywhere in the world, it is not just in India. With Google/ Apple/ microsoft who are leveraging their other strengths, it is no more just service providers market. Today, I read somewhere that Vodafone chief talking in global forum and asking regulators to limit google/yahoo in mobile business before they become too big. They are commanding Monopoly and it could limit the advantages from open market that consumers get.

Personally, I would prefer to wait before entering Bharti. Anyway, IMO, intermediate term market trend is no more in bullish mode, so if market goes down, bharti will go down with this too. So why to hurry now. Even if you get later entry, but risk will be less.

Sorry, I have not given any technical reading. If you look at Bharti's long term chart then it has been sideway range since the peak of Oct-07. It made a swing low around 175/200 level in Jun-06 so technically, it can very well go down to those levels.

http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined

PS- These are just my view and I could be wrong.

Happy Trading / investing.

hi rkk,

if you are long term investor you should start staggered buying from nowon.
for example i will buy 100 shares now and keep on adding 100 more for every dip of 20 rupees and whenever i see a profit of 20 rupees from anyone of the buy levels i will take profit for that 100 shares bought and i will keep repeating the strategy.
i have not mentioned any stops here because i beleive blue chips always bounce and from the current levels of bharti IMO risk is lesser.
disclaimer: i have just voiced what i will do and this is not a recommendation for anyone.
good luck.

bharti appears to have taken support with good volumes.
for an outlook of 2-4 months, it is a good buy at current levels