Bharti Airtel Trend AnalysisA potential Head & Shoulder pattern is forming, break of the neckline will drag the price lower towards 540 level.
Even though the OPM% is superb, borrowings are increasing YOY to concerning levels.
Net profitability will take a hit with increasing interest rates due to quantitative tightening.
25,980 crores of AGR dues to be paid till March 2031.
All these factors are directing towards a bearish sentiment.
Good to look for shorting opportunities now.
Better to accumulate around 520-550 levels for the following targets:
Short term swing target @ 630 (16.67% ROI with 2.25 R:R)
Medium term swing target @ 750 (38.9% ROI with 5.25 R:R)
Long term positional target @ 880 (63% ROI with 8.5 R:R)
Do your own due diligence before taking any action.
Peace!!
