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BUZZ-India's Bharti Infratel hits over 2-month high; technicals signal further upside
April 5, 2017 / 5:13 AM / 8 months ago

BUZZ-India's Bharti Infratel hits over 2-month high; technicals signal further upside

** Telecom tower provider Bharti Infratel rises as much as 4.3 pct to 343.7 rupees, highest since Jan 30

** Stock's 20-day simple moving average (SMA) crosses above its 50-day SMA on Monday, a bullish signal for the stock tmsnrt.rs/2oYvF5F

** Chart pattern shows double-bottom reversal after finding support near 282 rupees twice

** Trend Intensity indicator (TI) rises to 16, indicating start of an uptrend. MACD is also positive and above its signal line

** Stock’s mean price target is 364 rupees – Eikon data

** Stock down 4.05 pct this year as of Monday’s close, compared with a 12.85 pct gain on the NSE index

RM: gaurav.dogra.thomsonreuters.com@reuters.net

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