Bharti Airtel Limited Stock Forecast
Stronger technical forecast for Bharti Airtel Limited stock price after Friday trading.
(Updated on May 03, 2024)
The Bharti Airtel Limited stock price fell by -2.04% on the last day (Friday, 3rd May 2024) from ₹1,304.05 to ₹1,277.40. During the last trading day the stock fluctuated 4.16% from a day low at ₹1,258.15 to a day high of ₹1,310.50. The price has fallen in 5 of the last 10 days and is down by -0.9% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately ₹14.42 billion.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹1,257.57 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.35% during the next 3 months and, with a 90% probability hold a price between ₹1,488.28 and ₹1,622.14 at the end of this 3-month period.
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BHARTIARTL.NS Signals & Forecast
The Bharti Airtel Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹1,317.60. On a fall, the stock will find some support from the long-term average at approximately ₹1,248.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Bharti Airtel Limited stock
Bharti Airtel Limited finds support from accumulated volume at ₹1,265.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹52.35 between high and low, or 4.16%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: ₹1,227.31 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (BHARTIARTL.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bharti Airtel Limited to open at ₹1,282.02, and during the day (based on 14 day Average True Range), to move between ₹1,249.54 and ₹1,305.26, which gives a possible trading interval of +/-₹27.86 (+/-2.18%) up or down from last closing price. If Bharti Airtel Limited takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,289.00 (0.91%) than the support at ₹1,265.75 (0.91%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bharti Airtel Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bharti Airtel Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.762 Buy Candidate Upgraded
Predicted Opening Price for Bharti Airtel Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹1,282.02 ( 0.361%) | ₹1,277.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHARTIARTL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,334.37 | 4.46 % | |
| R2 | 1,314.37 | 2.89 % | ||
| R1 | 1,302.01 | 1.93 % | ||
| Current price: | 1,277.40 | |||
| Support | S1 | 1,262.02 | -1.20 % | |
| S2 | 1,249.66 | -2.17 % | ||
| S3 | 1,229.67 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,342.35 | 5.08 % | |
| R2 | 1,338.70 | 4.80 % | ||
| R1 | 1,289.00 | 0.91 % | ||
| Current price | 1,277.40 | |||
| Support | S1 | 1,265.75 | -0.91% | |
| S2 | 1,213.10 | -5.03% | ||
| S3 | 1,123.35 | -12.06% |
BHARTIARTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ₹3.00 | 0.432% |
| 2 | May 19, 2020 | Aug 06, 2020 | Sep 17, 2020 | ₹1.96 | 0.410% |
| 3 | Oct 25, 2018 | Nov 05, 2018 | Nov 24, 2018 | ₹2.25 | 0.749% |
| 4 | Apr 24, 2018 | Aug 02, 2018 | Sep 07, 2018 | ₹2.25 | 0.630% |
| 5 | Jan 18, 2018 | Jan 30, 2018 | Feb 17, 2018 | ₹2.56 | 0.664% |
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