Axis Bank’s actions recently began the rally in the last week of January to support ₹ 940. On April 16, it left a crucial resistance to ₹ 1,125, turning the upward perspective.
Althegh, the action saw some moderation in the price in recent sessions, the upward trend seems intact. This corrective decline is an opportunity to start new purchases.
Video Credit: Businessline
While the bearish trend could be extended to ₹ 1.125, the action is expected to resume the rally, which can raise the price to ₹ 1,280.
Participants can buy Axis Bank shares ₹ 1,165 and ₹ 1.125. Place the initial arrest of stop loss to ₹ 1,080. When the price touches ₹ 1,230, check the stop-to ₹ 1,180. In a manifestation to ₹ 1,260, tighten the stop-to ₹ 1,230. Go to ₹ 1,280.
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on April 28, 2025
