The Story Behind the Forecast
Axis Bank's near-term direction is driven by asset-quality trends, provisioning trajectory, and macro-rate dynamics. Recent data suggests easing stress indicators, but earnings volatility (trading income, provisions) remains a watchpoint.
Key Technical Factors
Axis Bank has formed short-term support near ₹1,150 - ₹1,160 after recent consolidation. Resistance sits around ₹1,200 - ₹1,225. A sustained close above ₹1,225 with volume would signal bullish continuation.
RSI near neutral (mid-50s) implies room for a measured up move. The 50-day EMA (~₹1,100–₹1,120) provides dynamic support — watch price action relative to it.
