Bharti Airtel Long Term Target Achieved (31% return in 7 Months)

7 months back on Dec 21, 2010 I had advised this equity at Rs.330 with the target of  Rs.400 in a year. Its not more than a year and the stock is well above Rs.400; closed today at Rs.433 on BSE. This long term investment tip has helped the readers of my blog make 31% return in 7 months. This is not a very high return; however, if you will compare this with other BSE Sensex stocks, you will find that most of them are falling since Jan 2011. 

How the stock will behave now?

The stock has a big resistance at Rs.435.35. It is because the stock had started falling from the same level two years back, it will most probably consolidate around this price and then move up again. Bharti Airtel’s Results on Aug 8, 2011 might define its next trend.