Home / Business and Economy / Technical Bullishness: Airtel Stock Eyes ₹2,125 Target
Technical Bullishness: Airtel Stock Eyes ₹2,125 Target
7 Jul
Summary
- Bharti Airtel stock reached its 200-day moving average for the first time since February 2026.
- Bajaj Broking initiated a 'BUY' rating with a target price of ₹2,125.
- The stock has rallied 5.5% in five trading sessions but is down over 8% year-to-date.
Bharti Airtel's stock has reached a significant technical milestone, crossing its 200-day moving average for the first time since February 25, 2026. This move, occurring amidst a recent 5.5% rally over five trading sessions, has caught the attention of technical analysts.
Bajaj Broking has initiated a 'BUY' rating on Bharti Airtel, projecting a target price of ₹2,125. This forecast implies a potential upside of approximately 9.9% from its current trading position. The brokerage highlights a breakout from a four-month consolidation range as a strong indicator of continued upward momentum.
Further analysis points to the stock reclaiming its 52-week Exponential Moving Average (EMA), signaling a strengthening structure for the medium to long term. A rebound from the ₹1,700 - ₹1,750 support area, coinciding with a 61.8% retracement, further validates the bullish outlook. The weekly 14-period RSI also supports this positive bias.
