Technical Trend Evolution and Momentum Analysis
As of 2 January 2026, Bharti Airtel’s technical trend has upgraded from mildly bullish to bullish, reflecting stronger price momentum and investor confidence. The stock closed at ₹2,110.20, slightly up by 0.21% from the previous close of ₹2,105.70, with intraday highs touching ₹2,123.90. This price action is approaching the 52-week high of ₹2,174.70, indicating resilience near resistance levels.
The Moving Average Convergence Divergence (MACD) indicator remains bullish on both weekly and monthly timeframes, signalling sustained upward momentum. The weekly MACD line continues to stay above its signal line, reinforcing short-term strength, while the monthly MACD confirms a longer-term positive trend. This dual timeframe bullishness is a strong technical endorsement for the stock’s upward trajectory.
Complementing the MACD, Bollinger Bands on weekly and monthly charts are also bullish, with the price consistently trading near the upper band. This suggests heightened volatility but also sustained buying pressure, often a precursor to further price appreciation. The daily moving averages align with this view, showing a bullish crossover pattern that supports near-term gains.
Relative Strength Index and Other Momentum Indicators
Interestingly, the Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in a neutral zone. This indicates that while momentum is positive, the stock is not yet overbought, leaving room for further upside without immediate risk of a technical correction.
The Know Sure Thing (KST) indicator presents a mixed picture: bullish on the weekly timeframe but mildly bearish on the monthly. This divergence suggests some caution for long-term investors, as monthly momentum may be moderating even as short-term trends remain positive.
Other volume-based indicators such as On-Balance Volume (OBV) are mildly bullish weekly but show no clear trend monthly, implying that while buying interest has increased recently, it has not yet translated into a sustained volume surge over the longer term.
Dow Theory and Moving Averages Confirm Bullish Bias
According to Dow Theory, the weekly trend is mildly bullish, indicating that the stock is in an upward phase but not yet in a strong bull market. The monthly Dow Theory trend shows no clear direction, reinforcing the need for investors to monitor developments closely. Daily moving averages, however, have turned bullish, with the 50-day moving average crossing above the 200-day average, a classic golden cross that often precedes sustained rallies.
These technical signals collectively suggest that Bharti Airtel is gaining momentum, supported by improving price action and positive trend confirmations across multiple indicators.
Comparative Performance Against Sensex and Historical Returns
Bharti Airtel’s recent returns further validate the technical optimism. Year-to-date (YTD) return stands at 0.21%, outperforming the Sensex’s marginal decline of 0.04%. Over the past month, the stock has gained 0.99%, while the Sensex fell by 0.53%, highlighting relative strength in a challenging market environment.
Longer-term returns are even more impressive: a one-year return of 32.21% dwarfs the Sensex’s 8.51%, while three-year and five-year returns of 161.58% and 309.67% respectively, significantly outpace the benchmark’s 40.02% and 77.96%. Over a decade, Bharti Airtel has delivered a staggering 574.99% return compared to the Sensex’s 225.63%, underscoring its status as a market leader in the telecom sector.
This week's revealed pick, a Large Cap from Public Banks with TARGET PRICE, is already showing movement! Get the complete analysis before it's too late.
- - Target price included
- - Early movement detected
- - Complete analysis ready
Mojo Score Revision and Market Capitalisation Insights
MarketsMOJO has recently revised Bharti Airtel’s Mojo Grade from Buy to Hold as of 29 December 2025, reflecting a more cautious stance amid evolving technical signals. The Mojo Score currently stands at 64.0, indicating moderate confidence in the stock’s near-term prospects. The Market Cap Grade remains at 1, signalling the company’s position as a large-cap heavyweight within the telecom services sector.
This adjustment suggests that while the stock’s technical indicators are improving, investors should remain vigilant for potential volatility or sector-specific headwinds that could temper gains.
Sectoral Context and Peer Comparison
Within the Telecom - Services sector, Bharti Airtel continues to demonstrate robust technical health relative to peers. The bullish signals from MACD, Bollinger Bands, and moving averages place it favourably against competitors who may be experiencing mixed or bearish technical trends. However, the mildly bearish monthly KST and neutral RSI readings advise a balanced approach, especially for long-term investors.
Investors should also consider broader market conditions, including regulatory developments and competitive pressures, which could influence the stock’s trajectory despite positive technical momentum.
Why settle for Bharti Airtel Ltd? SwitchER evaluates this Telecom - Services large-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
Investor Takeaway and Outlook
Bharti Airtel’s technical indicators collectively point to a strengthening bullish momentum, particularly in the short to medium term. The convergence of bullish MACD readings, supportive Bollinger Bands, and positive moving average crossovers provide a compelling case for continued price appreciation. However, the neutral RSI and mixed KST signals counsel prudence, suggesting that the stock may encounter intermittent consolidation phases.
Given the stock’s strong historical performance relative to the Sensex and its sectoral leadership, investors with a medium to long-term horizon may find Bharti Airtel an attractive proposition, especially if the broader market stabilises. Monitoring volume trends and Dow Theory signals will be crucial to confirm sustained trend strength.
In summary, Bharti Airtel Ltd is exhibiting a technical momentum shift that favours bullishness, supported by multiple indicators and solid price action. While the recent Mojo Grade downgrade to Hold reflects a tempered outlook, the stock’s fundamentals and technical backdrop remain robust, warranting close attention from market participants.
Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Saving Now →
