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Airtel Shares Drop Over 3% After 3-Day Gain: Buy, Sell, or Hold?
M
Moneycontrol•21-09-2026, 16:43
Airtel Shares Drop Over 3% After 3-Day Gain: Buy, Sell, or Hold?
- •Bharti Airtel shares fell over 3% on Monday, snapping a three-session gaining streak due to profit booking.
- •The stock settled at Rs 1,830.20 on NSE, with technical indicators showing a weakened near-term trend.
- •Analysts suggest immediate support is around Rs 1,800-1,775; a break below Rs 1,775 could lead to further selling pressure.
- •Resistance zones are identified at Rs 1,855-1,875 and Rs 1,900-1,930; a sustained move above Rs 1,900 could improve the short-term outlook.
- •Experts recommend existing holders maintain a 'hold-with-risk-control' approach, while new buyers should wait for a strong reversal or a move above Rs 1,900.
Key Questions Answered
Bharti Airtel shares snapped a three-session gaining streak and dropped over 3 percent on Monday, settling at Rs 1,830.20 per share on the NSE due to profit booking.
According to technical analysts, the immediate support zone for Bharti Airtel is around Rs 1,800-1,775, while the first resistance zone sits at Rs 1,855-1,875.
Experts recommend a hold-with-risk-control approach for existing holders, provided that the crucial Rs 1,775-1,800 support zone continues to hold.
