- Bharti Airtel Limited is an Indian multinational telecommunications services company headquartered in New Delhi that operates in 20 countries across South Asia, Africa, and the Channel Islands. - It is the largest mobile operator in South Asia and the third largest in the world with over 303 million subscribers. - The document provides a technical analysis of Bharti Airtel stock, recommending it as a "buy" based on chart patterns and indicators, with a projected price target of Rs. 410 in the coming trading sessions.

1. About Bharti Airtel Limited.
 Bharti Airtel Limited is an Indian multinational telecommunications services company headquartered
in New Delhi, India. It operates in 20 countries across South Asia, Africa, and the Channel Islands. Airtel
provides GSM, 3G and 4G LTE mobile services, fixed line broadband and voice services depending upon
the country of operation.
 Airtel is the largest mobile operator in South Asia and the third largest in the world with a 303 million
subscriber base. Airtel was named India's second most valuable brand in the first ever Brandz ranking
by Millward Brown and WPP plc.
 Airtel is credited with pioneering the business strategy of outsourcing all of its business operations
except marketing, sales and finance and building the 'minutes factory' model of low cost and high
volumes.
 Airtel's B2C business unit deals with servicing the retail consumers, homes and small offices providing
mobile, fixed line, DTH and m-commerce services while the B2B unit deals with large corporate
accounts.
 Technical Outlook
 On Daily chart, it has been observed that the Bharti Airtel has completed a “Bullish Alternative- Shark
Harmonic” pattern at 332.50 levels the coordinates of which are as follows:
 XA of the leg from 371.80 to 435 levels, AB of the leg completed at 402.85 (i.e.50% of XA leg.), BC of the
leg completed at 452.45 (i.e. near 161.8% of AB leg), CD of the leg completed at 332.50 levels. (i.e. 113%
of XA and 224% of BC leg).
 Moreover, near the Harmonic pattern, we are also witnessing that price has taken support at multiyear
trend line which comes at 332 levels.
 On weekly chart, prices are trading above 100DEMA, which suggests that long term trend is up. On the
other hand, momentum indictor RSI has shown positive sign which support our bullish view on the stock.
 Based on the mentioned technical setup, we believe that the stock could reach towards 410 levels in few
trading sessions.
Company Bharti Airtel
Recommendation Buy
Sector : Telecom
CMP : Buy Above 353
Price Potential : 410
Stop Loss (Closing Basis): 325
Mkt Cap (Rs. Cr.): 139849.04
TTM EPS (Rs.) 14.08
TTM Sales (Rs. Cr.) 92749
BVPS (Rs.) 158.88
Reserves (Rs. Cr.) 61511
P/BV 2.20
PE 24.84
Bloomberg Code : BHARTI:IN
Reuters Code : BRTI.NS
TW = Twelve Months
TTM= Trailing 12 months
SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Pick of the Week: Bharti Airtel Limited.
05th Sept, 2015
www.choiceindia.com *Please Refer Disclaimer on Website

2. Pick of the Week: Bharti Airtel Limited.
05th September, 2015
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual FundsSEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of
the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in
checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any
person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies Aprilket psychology, price patterns and volume levels. It is used to forecast future price
and Aprilket movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as
the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking
makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are
subject to change without notice. The information and any disclosures provided herein are in sumAprily form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading
purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided
herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or
sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there
is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
Disclaimer
Contact Us
Kunal Pamar (Research Associate)
kunal.pamar@choiceindia.com
PERFORMANCE TRACKER
www.choiceindia.comcustomercare@choiceindia.com
Chandrakant Maske(Research Associate)
chandrakant.maske@choiceindia.com
Amit Pathania (Research Associate)
amit.pathania@choiceindia.com
Vikash Chaudhri (Research Associate)
vikas.chaudhari@choiceindia.com