After the recent news flow there was a sell off in this counter. However, that was a sector wise sell off. The open interest data suggest that majority in the market are positive on this counter and here is the snapshot - https://www.screencast.com/t/584k8kY8Xhz. Expecting the reversal to hold and go back to the previous highs. Immediate target 700 and stop at 600
Keeping it very simple for a long time axis held on to a very important support i.e 519.. As they say for chart reading go from left to right. Now Axis faces resistance @ 534 its 11 day EMA if axis opens and stays above it Axis will hit 548 which is its next major resistance i.e its 23 day EMA. Stoploss for this upmove is 525. Best of luck!