Technical Analysis:
Bharti Airtel has shown a strong bullish structure ever since its listing. Starting from around ₹600 in 2020, the stock steadily climbed to ₹1,700+ levels by September 2024.
Since then, it’s been consolidating, facing a strong resistance zone between ₹1,720 and ₹1,780, which is currently acting as the all-time high zone.
Post Q3 results announcement on 6th February 2025, the stock jumped over 5%, reflecting the market’s positive response. It is again testing this resistance zone.
If this ₹1,780 level is breached and holds, we can expect further upside with targets at ₹1,800, ₹1,860, and ₹1,920.
On the downside, ₹1,510–₹1,565 remains a critical support zone. Breach below this could lead to deeper correction.
Fundamental Analysis:
Despite the market resistance, the company has posted exceptionally strong Q3 FY24 results, which support its bullish narrative:
📌 Q3 FY24 Key Financial Highlights (Compared to Previous Quarters):
📈 Key Drivers Behind the Rally:
Conclusion:
Bharti Airtel is at a decisive level technically and fundamentally. A breakout above ₹1,780 backed by candlestick confirmation may lead to a new bullish leg.
💡 Target Levels: ₹1,800 – ₹1,860 – ₹1,920
🛑 Support Zone: ₹1,510 – ₹1,565
Keep these key levels on radar for the upcoming sessions.
🔔 Disclaimer: This report is for educational purposes only. Always consult your financial advisor before making any investment decisions.
Bharti Airtel has shown a strong bullish structure ever since its listing. Starting from around ₹600 in 2020, the stock steadily climbed to ₹1,700+ levels by September 2024.
Since then, it’s been consolidating, facing a strong resistance zone between ₹1,720 and ₹1,780, which is currently acting as the all-time high zone.
Post Q3 results announcement on 6th February 2025, the stock jumped over 5%, reflecting the market’s positive response. It is again testing this resistance zone.
If this ₹1,780 level is breached and holds, we can expect further upside with targets at ₹1,800, ₹1,860, and ₹1,920.
On the downside, ₹1,510–₹1,565 remains a critical support zone. Breach below this could lead to deeper correction.
Fundamental Analysis:
Despite the market resistance, the company has posted exceptionally strong Q3 FY24 results, which support its bullish narrative:
📌 Q3 FY24 Key Financial Highlights (Compared to Previous Quarters):
- Total Income: ₹45,129 Cr (vs ₹41,473 Cr in Q2 FY24 and ₹37,900 Cr in Q3 FY23)
- Total Expenses: ₹20,533 Cr (vs ₹19,627 Cr in Q2 FY24 and ₹18,085 Cr in Q3 FY23)
- Total Operating Profit: ₹24,596 Cr (vs ₹21,846 Cr in Q2 FY24 and ₹19,815 Cr in Q3 FY23)
- Profit Before Tax: ₹16,892 Cr (vs ₹5,897 Cr in Q2 FY24 and ₹4,108 Cr in Q3 FY23)
- Profit After Tax: ₹16,135 Cr (vs ₹4,153 Cr in Q2 FY24 and ₹2,876 Cr in Q3 FY23)
- Diluted Normalized EPS: ₹25.95 (vs ₹6.31 in Q2 FY24 and ₹4.34 in Q3 FY23)
📈 Key Drivers Behind the Rally:
- ARPU Growth: Average Revenue Per User improved to ₹245 in Q3 FY24.
- Strong Data Usage: Mobile data consumption rose 23.2% YoY.
- Home Services Growth: Over 6.7 lakh new home broadband users added in Q3.
- Business Expansion: Focus on 5G rollout and enterprise connectivity is fueling long-term growth.
Conclusion:
Bharti Airtel is at a decisive level technically and fundamentally. A breakout above ₹1,780 backed by candlestick confirmation may lead to a new bullish leg.
💡 Target Levels: ₹1,800 – ₹1,860 – ₹1,920
🛑 Support Zone: ₹1,510 – ₹1,565
Keep these key levels on radar for the upcoming sessions.
🔔 Disclaimer: This report is for educational purposes only. Always consult your financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.