2026-09-30 11:01:00 am | Source: Religare Broking Ltd
Stock of the day - Axis Bank Ltd Target Rs. 37- Religare Broking Ltd
Axis Bank Ltd
Buy Axis Bank Ltd CMP (Rs) 23.60 Range* 22-24 SL16 Target 37
* AXISBANK continues to exhibit a bearish structure, with price sustaining below its short, medium- and long-term moving averages, reflecting persistent supply pressure.
* The stock is forming lower highs and lower lows, while repeated rejection near the moving-average cluster highlights weak buying conviction.
* The breakdown from consolidation is supported by higher volume, confirming bearish participation.
* Traders may consider buying an ATM Put option for potential downside participation.
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