Bearishness overdone: Reliance Communications, Bharti Airtel and Idea Cellular

I have displayed Rcom, Bharti Airtel and Idea charts here. It is apparent that they have rebounded from their strong supports after the recent lows. I feel that bearishness has been overdone in these stocks. The cup and saucer formation on price charts and the MACD is quite interesting. For a long term investor these are good prices to add these telecom biggies. One can not predict when sentiment would turn bullish in these stocks. But when the entire market is looking expensive these are safer places to park some funds.

Comments are most welcome.

rgds
Vibhas