Motilal Oswal's technical analyst Chandan Taparia has identified bullish breakout patterns for Bharti Airtel, Divi's Laboratories, and Paytm. While these stocks show strong momentum, investors should note the importance of specific support levels and the risk associated with upcoming quarterly earnings.
Chandan Taparia, a technical analyst at Motilal Oswal, has highlighted three stocks—Bharti Airtel, Divi's Laboratories, and Paytm—as potential breakout candidates. These recommendations are based on technical chart patterns that suggest current price trends could continue if market conditions remain supportive. The broader Nifty 50 index has shown strength recently, which often provides a better environment for such individual stock moves.
Bharti Airtel Technical View and Earnings Risk
Bharti Airtel has recorded a technical breakout above the ₹2,030 level. Analysts point to a rounding-bottom pattern, which often suggests a change in the stock's trend from sideways to upward. The technical outlook sets a target of ₹2,190 for the stock, with a suggested stop-loss level of ₹2,000 to limit downside risk if the trend reverses. A key factor to monitor for Bharti Airtel is the upcoming Q2 FY26-27 financial results, scheduled for November 5, 2026. Earnings announcements often bring volatility, and the actual financial performance will be crucial to confirm whether the technical momentum is backed by business fundamentals.
Divi's Laboratories at All-Time Highs
Divi's Laboratories is currently trading at all-time highs above ₹10,000. The stock has maintained a consistent pattern of higher peaks, which is considered a sign of strong investor interest. The technical analysis sets a potential target of ₹10,600, while maintaining a support level of ₹9,750. Investors should keep in mind that the company has a board meeting on November 7, 2026, to discuss quarterly results. Similar to other stocks, the market reaction to these results will be a major monitorable, as earnings can significantly influence the stock's ability to hold its current highs.
Paytm Range Breakout
Paytm has moved out of a six-session period where its price was stuck in a narrow range. This emergence, paired with a bullish candle formation, suggests renewed buying interest. The analyst view identifies a potential target of ₹1,820, with a risk management level set at ₹1,665. Unlike the other two companies, Paytm’s price movement is often tied to sentiment regarding new-age technology stocks. While the technical setup is positive, investors should be aware that such stocks can be more sensitive to sudden shifts in market mood or sector-specific news.
Investors tracking these technical calls should prioritize the stated support levels. Technical indicators are useful for identifying momentum, but they do not account for sudden changes in business performance, regulatory updates, or quarterly earnings outcomes. The next few days will be significant as the market watches how these stocks navigate their respective earnings events.