2026-10-12 10:31:19 am | Source: Religare Broking Ltd
Stock of the day - Axis Bank Ltd Target Rs. 1340 - Religare Broking Ltd
Axis Bank Ltd
Buy Axis Bank Ltd CMP (Rs ) 1259.1 Range* 1255-1260 SL 1215 Target 1340
* Axis Bank is demonstrating a potential bullish reversal following a robust rebound from a key demand zone.
* T h e s t o c k h a s r e c l a i m e d medium-to-long-term EMAs and sustains above the 20-DEMA, signaling improving trend strength.
* An upside breakout above the descending trendline, supported by rising volumes, reinforces positive momentum and enhances the probability of further appreciation.
* Traders may consider accumulating the stock within the recommended range.
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