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CA ATIN AGRRAWAL

29th Aug · SEBI-Registered Analyst

bharti airtel we need to wait for the support levels to buy

BHARTIARTL
Bharti Airtel is currently around ₹1,882 as of the 28 Aug 2026 close. The stock is about 13.5% below its 52-week high of ₹2,174.70, so the recent structure is showing some weakness. 📊 Technical View Current Zone: ₹1,880–1,900 Immediate Support ₹1,850–1,870 — important near-term support zone ₹1,800–1,820 — stronger positional support Below ₹1,800 → structure can weaken considerably Resistance ₹1,920–1,950 — immediate resistance ₹2,000–2,020 — major psychological/technical hurdle ₹2,100–2,175 — previous major high zone The stock recently fell from around ₹1,940 to ₹1,878, with higher volume on 27 August, when it declined 1.42%. On 28 August it recovered marginally to ₹1,882. So, ₹1,850–1,870 is the key make-or-break zone. Bullish scenario: If Airtel sustains above ₹1,870 and then decisively crosses ₹1,950, the stock can attempt ₹2,000 → ₹2,050 → ₹2,100. Bearish scenario: If ₹1,850 breaks decisively, expect weakness towards ₹1,800–1,820. 💰 Fundamental Trigger The fundamental story remains strong. Q1 FY27 revenue increased 18.4% YoY to ₹58,539 crore, while net profit rose 37.3% to ₹8,167 crore. ARPU improved to ₹264, up from ₹250 a year earlier. Airtel also added 26.88 lakh mobile subscribers in July, the highest addition among the major operators that month.

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