Bharti Airtel formed a good base around 520 over last 6 months. Few days back, the stock broke out above the green trendline after news on increasing tariffs for corporate plans and entry level pre-paid recharge. This is a clear signal by Airtel that it will not wait for Jio to hike rates. The volumes are higer on up days and lower on down days.
There have been multiple attempts at 590-615 but the stock hasnt been able to cross these levels. It will be interesting to see how this moves.
Discl: I have a trading position. Sharing the charts for educational purpose