Axis Securities has projected an upside range of Rs 2,295–2,350 per share. From current levels, that implies an upside of about 6%. The brokerage says the stock delivered a decisive breakout above the Rs 1,850–2,065 consolidation zone in mid-November, supported by a strong bullish candle. Momentum indicators further validate the bullish setup, with the weekly RSI breaking above its downward-sloping trendline at 66. The recommended buying range for Airtel is Rs 2,098–2,140, while the stop loss is set at Rs 2,055.

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