Mumbai, India – Bharti Airtel shares are drawing significant investor attention as market expert Nilesh Jain from Centrum Broking offers a bullish outlook, recommending a staggered buying strategy amidst the recent market debut of rival Jio Platforms.
Jain, a respected voice in market analysis, highlighted Bharti Airtel as one of the strongest telecom plays currently available. He noted that the stock has shown material improvement on technical charts, suggesting a potential climb beyond Rs 2,100 in the near term, possibly reaching a fresh record high.
Technical Strength and Strategic Entry Points
The core of Jain's optimistic assessment stems from a clear technical breakout. He observed that Bharti Airtel's stock has recently surpassed all its short-term and long-term moving averages. This technical indicator typically signals strengthening momentum and an improving positional bias for the stock.
For current holders and prospective investors, this shift suggests a favorable trend. Jain has identified immediate support for the stock at Rs 1,860, which he advises using as a crucial stop-loss reference point to manage downside risk.
A Phased Accumulation Strategy
Rather than advocating for aggressive, lump-sum purchases, Jain recommends a more measured and cautious approach. “Keeping Rs 1860 as a stop loss, yes, it can be bought on declines, can be added in a staggered manner,” he stated. This phased accumulation strategy is particularly relevant for retail investors looking to enter or increase their positions after a period of price appreciation, helping to mitigate volatility.
Ambitious Upside Target
Jain's upside target for Bharti Airtel is ambitious, projecting a move towards “Rs 2100 plus.” He reiterated the possibility of the stock achieving a new record high in the near term, reinforcing his belief that the positive momentum for Bharti Airtel remains intact despite broader market fluctuations.
This advice comes as the broader market shows signs of caution, with expectations of consolidation at the index level and elevated volatility. In this environment, sector leaders demonstrating clear relative strength, such as Bharti Airtel, are expected to attract significant investor interest.
For long-term investors, the message is clear: the trend for Bharti Airtel remains positive, the telecom sector is in favor, and the stock is a strong candidate for buying on dips, provided the Rs 1,860 support level holds firm.