Bharti Airtel: A Potential Reversal Candidate

Market Expert Sumeet Bagadia of Choice Broking has identified Bharti Airtel as its 'Holi Pick 2026', citing improving price action, strong support levels, and favourable momentum indicators.

Key Recommendations:

• Buy Bharti Airtel around ₹1,880 with the option to add more on dips toward ₹1,850.
• Target ₹2,070 and ₹2,165 in the medium term.

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Stock Performance:

• Bharti Airtel share price ended flat on March 2 at ₹1,873.35, 0.34% lower despite broader market weakness.
• The stock has lost 19% in the last 1 year, 11% in 3 months, and around 5% in the last 1 month.
• It is currently 14% away from its 652-week high of ₹2,174.70, hit in November 2025.

Technical Analysis:

• The stock is exhibiting early signs of a potential reversal, reflecting improving buying interest and a gradual shift in sentiment.
• The repeated defense of the ₹1,850 zone highlights strong demand and price stability in that area.
• The Relative Strength Index (RSI) is hovering near the 30 mark and showing signs of bullish divergence, suggesting the stock is in the oversold territory from where buying interest typically emerges.

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Risk Management:

• ₹1,740 is a crucial positional support, aligned with the 100-week simple moving average (SMA), which should be closely monitored for risk management.
• Maintaining discipline around this support level would be essential to preserve capital in case broader market volatility resurfaces.