Bharti Airtel Hits the Accelerator: Earnings in Focus

Bharti Airtel gained nearly 4% to close at ₹2,065, witnessing strong buying interest ahead of its Q2 FY27 results, expected on November 5. Investors will closely track revenue growth, ARPU trends, subscriber additions and profitability to assess the company's performance. Chart Analysis The stock has staged a strong bullish breakout, moving above its key moving averages, including the 20 EMA, 50 EMA, 100 SMA and 200 SMA, indicating improving trend strength. The RSI has surged to 73.64, entering overbought territory and highlighting strong bullish momentum. However, elevated RSI also raises the possibility of short-term consolidation or profit booking. The MACD has turned decisively positive, with the MACD line above the signal line and expanding positive histogram bars. ADX at 30.62 indicates strengthening trend momentum. The stock is also trading above its upper Bollinger Band, reflecting strong buying pressure but suggesting that some near-term cooling cannot be ruled out. Immediate resistance is placed around ₹2,080–2,100. A sustained breakout above this zone could open the door for further upside. On the downside, ₹2,000 is an immediate psychological support, followed by ₹1,960. What Next? With Q2 results expected on November 5, the upcoming earnings announcement could act as a major trigger. Strong operational performance and positive management commentary may support the bullish momentum. However, any disappointment in ARPU growth, margins or subscriber metrics could trigger profit booking. The technical setup is bullish, but with RSI in overbought territory and results around the corner, volatility could increase. My View: Bharti Airtel is showing strong technical momentum ahead of its earnings announcement. The ₹2,080–2,100 zone will be crucial for the next leg of the rally. Investors should watch the results before taking fresh directional positions. Disclosure: The analyst or his family does not have any position in the stock.