BHARTIARTL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | BHARTIARTL | Market Cap | 11,28,170 Cr. | Current Price | 1,851 ₹ | High / Low | 2,175 ₹ |
| Stock P/E | 70.0 | Book Value | 263 ₹ | Dividend Yield | 0.86 % | ROCE | 12.7 % |
| ROE | 10.7 % | Face Value | 5.00 ₹ | DMA 50 | 1,865 ₹ | DMA 200 | 1,905 ₹ |
| Chg in FII Hold | -0.96 % | Chg in DII Hold | 0.99 % | PAT Qtr | 3,013 Cr. | PAT Prev Qtr | 4,247 Cr. |
| RSI | 49.1 | MACD | 7.60 | Volume | 93,71,913 | Avg Vol 1Wk | 67,74,203 |
| Low price | 1,740 ₹ | High price | 2,175 ₹ | PEG Ratio | 0.30 | Debt to equity | 0.90 |
| 52w Index | 25.5 % | Qtr Profit Var | -67.7 % | EPS | 22.6 ₹ | Industry PE | 43.8 |
📈 Chart & Trend Analysis: BHARTIARTL is trading at ₹1,851, slightly below its 50 DMA (₹1,865) and 200 DMA (₹1,905), indicating short-term weakness. RSI at 49.1 suggests neutral momentum. MACD at 7.60 shows mild positive divergence, hinting at potential recovery. Bollinger Bands place the price near the mid-band, signaling consolidation.
📊 Volume Trends: Current volume (93,71,913) is higher than the 1-week average (67,74,203), showing strong participation and potential accumulation despite price weakness.
🔑 Support & Resistance: Strong support lies at ₹1,740 (recent low) and ₹1,800 (psychological level). Resistance is near ₹1,865 (50 DMA) and ₹1,905 (200 DMA). Optimal entry zone: ₹1,800–₹1,820. Exit/profit booking zone: ₹1,880–₹1,920.
📉 Momentum Signals: RSI is neutral, while MACD shows mild bullish bias. Short-term signals favor cautious accumulation near support zones with exits around resistance levels.
📌 Trend Status: The stock is currently consolidating with mild bullish undertones, not reversing.
Positive ✅
- PEG ratio of 0.30 indicates attractive growth relative to valuation.
- Strong market cap (₹11,28,170 Cr) ensures stability.
- Dividend yield of 0.86% adds shareholder value.
Limitation ⚠️
- High P/E ratio (70.0) compared to industry average (43.8) suggests overvaluation.
- ROCE (12.7%) and ROE (10.7%) remain modest.
- Debt-to-equity ratio of 0.90 indicates leveraged balance sheet.
Company Negative News ❌
- Decline in FII holding (-0.96%) shows reduced foreign investor confidence.
- PAT dropped (₹4,247 Cr → ₹3,013 Cr), highlighting earnings pressure.
Company Positive News 🌟
- Increase in DII holdings (+0.99%) reflects domestic institutional support.
- Strong long-term fundamentals with consistent revenue streams.
Industry 🏭
- Telecom sector trades at lower average PE (43.8), making BHARTIARTL relatively expensive compared to peers.
- Sector growth driven by data consumption and 5G rollout.
Conclusion 📌
BHARTIARTL is consolidating with mild bullish signals supported by volume and MACD, but faces valuation concerns and profit decline. Accumulation near ₹1,800–₹1,820 is favorable for short-term trades, with exits around ₹1,880–₹1,920. Long-term investors should weigh strong market positioning against high leverage and stretched valuations.
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