Nirmal Bang believes that weekly charts of Voltas suggest that after a correction phase from Rs 1,944 to Rs 1,135 stock has given the breakout of downward sloping trend line on closing basis technically.
An analyst from Master Capital said that Axis Bank is showing signs of a potential reversal after taking strong support near the 200-week EMA, which has historically acted as a key demand zone.
An analyst from Choice Broking said that ICICI Bank is currently trading at Rs 1,254 after correcting nearly 12 per cent from its recent swing high over the past two months.
Axis Bank shares: The banking stock declined from the highs of Rs 1,340-odd level as observed on July 12, 2024, to a low of Rs 933 level on January 27, 2025.
An analyst from Master Capital said that Axis Bank is showing signs of a potential reversal after taking strong support near the 200-week EMA, which has acted as a key demand zone.
Indian benchmark indices opened on a muted note on Friday but extended weakness, following a mixed performance from index heavyweights like Reliance, Infosys and Axis Bank.
Axis Bank Q3 results: Slippages jumped, driven by agri and unsecured, credit cost remained highest among top 5 banks and deposit growth the slowest. The inline Q3 earnings was a result of lower opex offset higher provisions
A number of stocks like Reliance Industries, Infosys, LTIMindtree, Axis Bank and Havells India are set to announce their results for the quarter and nine-months ended on December 31, 2024.
Axis Bank Q3 earnings: Loan book is expected to climb 10 per cent to Rs 10.24 trillion, from Rs 9.32 trillion in Q3FY24. In the September 2024, loan book stood at Rs 9.99 trillion.
An analyst from YES Securities said that Reliance Industries has fallen into oversold territory. However, recent trading activity suggests a potential shift in trend, after a 25 per cent decline from its peak.
In the case of Axis Bank, the combined stake of at least 3 dozen HDFC MF schemes including HDFC Balanced Advantage Fund, HDFC Multi Cap Fund and HDFC Largecap Fund jumped to 5.02 per cent or 15,53,35,021 shares.
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