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Bharti Airtel Ltd

BUY 28 JUL 1860 CALL Entry Range 38 – 44 Target 84 Stop Loss 20

Rationale

1. BHARTIARTL has witnessed a bullish reversal after defending the 1840-1850 support zone, with price reclaiming the 20-DEMA and traded above the support zone, indicating renewed buying interest at lower levels.

2. The stock is gradually stabilizing above both short-term moving averages, while the 50-DEMA near 1850-1860 is acting as a reversal zone, suggesting the broader uptrend remains intact despite recent consolidation.

3. Momentum indicators have turned constructive, with RSI holding above 50 mark and MACD maintaining a positive crossover, reflecting improving strength and supporting the possibility of a fresh upward leg in the near term.

4. A sustained move above the 1920-1930 resistance zone could trigger further short covering and momentum buying, opening the door for a retest of the 1980-2000 zone, while immediate support remains placed around 1850.

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