Airtel Strong Q3 and Uptrend

BHARTIARTL is showing a good uptrend with good Q3 Numbers.

Revenue growth was driven by strong underlying momentum in India, sustained constant currency growth in Africa, and the consolidation of Indus Tower Limited, effective 19 November 2024. Net profit increased significantly due to an exceptional net fair value gain on Indus Tower and a forex gain due to currency appreciation. Capex for FY25 is expected to be lower than FY24, and that would expand in FY26. Fibre rollout continues to be a key area of focus for the company.

About:
BHARTIARTL is one of the world’s leading providers of telecommunication services. It is in 18 countries, including India, Sri Lanka, and 14 African countries.

F&O Activity:
Long Buildup in Futures with 1720 CE Gaining Significant OI.

Trade Setup:
It looks like a good 1:1 trade setup, with the recent base as a strong support zone, the RSI and MACD trending upwards, and the trendline being respected.

Target(Take Profit):
Around 1720 Levels for Swing & 1842 for Positional Trader.

Stop Loss:
Entry Candle Low or Trendline for Swing Trader and Recent Base for Positional Trader.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.