Trend: The stock is consolidating in a range with higher-low formations, indicating accumulation. A breakout above ₹1977–₹1980 could lead to a new upward leg.
Important Levels:
Support: ₹1849.65 / ₹1798.35
Resistance 1: ₹1916.35
Resistance 2: ₹1977.85
Resistance 3: ₹2045.70
Fundamentals (Key Points):
📶 One of India's largest telecom players with a strong subscriber base and rising ARPU.
📈 Consistent revenue growth driven by 4G/5G expansion and digital services.
💼 Strong balance sheet with healthy cash flow generation and improving margins.
🌐 Strategic investments in broadband, enterprise solutions, and Africa business boosting growth.
📊 Solid competitive position with premium pricing power in the telecom sector.
Final Verdict:
Positive structure forming with accumulation signs — a breakout above ₹1977.85 can trigger strong momentum, supported by robust fundamentals and sustained growth outlook.