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Stock to buy: Airtel is Sumeet Bagadia's Holi pick for Rs 2165 target

Summary

Airtel Share Price Target: Airtel is forming a bullish reversal candle around this support area, indicating fresh accumulation at lower levels.

Stock to buy: Airtel is Sumeet Bagadia's Holi pick for Rs 2165 target
Stock to buy: Airtel is Sumeet Bagadia's Holi pick for Rs 2165 target

Airtel Share Price Target: Choice Broking's Sumeet Bagadia has recommended Bharti Airtel as his Holi pick. The analyst said that Bharti Airtel is exhibiting early signs of a potential reversal, reflecting improving buying interest and a gradual shift in sentiment.

The stock has consistently found support near 1850 - a level that has been respected multiple times in the past - highlighting strong demand and price stability in this zone.

Currently, Airtel is forming a bullish reversal candle around this support area, indicating fresh accumulation at lower levels.

From a broader technical perspective, daily momentum indicators further strengthen the positive outlook. The RSI is hovering near the 30 mark and is showing signs of a bullish divergence, suggesting the stock is in the oversold territory from where buying interest typically emerges.

“This setup reflects early indications of a potential trend reversal and improving price momentum. Following a healthy consolidation and renewed strength in price action, the stock appears poised to resume its upward trajectory, which may open the path toward medium- to long-term targets of Rs 2070 and Rs 2165,” he said.

Investors may consider initiating long positions near current levels, while dips toward 1850 could offer favorable accumulation opportunities.

On the downside, 1740 aligned with the 100-week SMA - should be treated as a crucial positional support to effectively manage risk.

Airtel is the second-largest mobile network operator in India and one of the largest mobile network operators globally by subscriber base.

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