The stock of Axis Bank began its recent rally in the final week of January on the back of the support at ₹940. On April 16, it broke out of a crucial resistance at ₹1,125, turning the outlook bullish.
Although the stock saw some moderation in price in recent sessions, the uptrend looks intact. This corrective decline is an opportunity to initiate fresh buys.
Video Credit: Businessline
While the downtrend might extend to ₹1,125, the stock is expected to resume the rally, which can lift the price to ₹1,280.
Participants can buy Axis Bank’s shares at ₹1,165 and at ₹1,125. Place initial stop-loss at ₹1,080. When the price touches ₹1,230, revise the stop-loss to ₹1,180. On a rally to ₹1,260, tighten the stop-loss to ₹1,230. Exit at ₹1,280.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on April 28, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
