BHARTIARTL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

📈 BHARTIARTL is currently trending upward with strong momentum indicators and price action above key moving averages. The stock is near its 52-week high, supported by bullish technicals and institutional interest.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (61.8): Bullish — strong momentum, not yet overbought
• MACD (40.7): Positive crossover — confirms bullish trend
• Volume: Slightly below 1-week average — moderate conviction
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, breakout possible

🎯 Entry & Exit Zones

• Support Levels: ₹2,030, ₹1,965, ₹1,920
• Resistance Levels: ₹2,110, ₹2,150, ₹2,200
• Optimal Entry: ₹2,030–₹2,050 (on minor pullback)
• Exit Target: ₹2,150–₹2,200 (short-term resistance)

✅ Positive

• Strong ROE (11.4%) and ROCE (8.18%) — efficient capital deployment
• EPS of ₹43.5 — robust earnings profile
• Price above key moving averages — confirms bullish momentum
• FII and DII holdings increased — institutional confidence
• PEG ratio (0.52) — attractive valuation relative to growth

⚠️ Limitation

• Volume below average — momentum may lack conviction
• High P/E (56.3) — valuation premium over industry
• Debt-to-equity ratio (1.15) — moderate leverage risk

📉 Company Negative News

• Quarterly PAT dropped from ₹9,318 Cr to ₹3,764 Cr — sharp decline
• Stock trading near 52-week high — risk of profit booking

📈 Company Positive News

• Qtr Profit Var shows 115% YoY growth — strong annual performance
• MACD and RSI support continued bullish momentum

🏭 Industry

• Sector: Telecom / Communication Services
• Industry P/E: 53.6 vs BHARTIARTL’s P/E: 56.3 — slightly overvalued
• Sector outlook supported by data consumption growth and 5G rollout

🧾 Conclusion

• BHARTIARTL is in a bullish trend with strong technical indicators
• Entry near ₹2,030–₹2,050 with targets at ₹2,150–₹2,200
• Monitor RSI and volume for signs of continuation or exhaustion
• Valuation remains elevated; suitable for momentum traders and long-term investors with growth focus