Tim0067

Tim0067

Long-term Potential: Axis Bank has been demonstrating strong growth in recent years, and it's considered a major player in the Indian banking sector.

Tim0067

The stock shows signs of bearish sentiment in the short term, challenging support levels that could decide the near-term direction. The company recognizes issues like customer churn and is actively deploying solutions to improve retention and stabilize its customer base.

Tim0067

The stock is currently in a consolidation phase within a symmetrical triangle pattern. It’s approaching key support levels, with RSI near the oversold territory, suggesting potential for a rebound. Currently near 32, approaching the oversold threshold. This might indicate a buying opportunity if the price bounces off the support level.

Tim0067

The stock is in a bearish phase, testing a key support level. If it breaks below ₹1,088, it might head towards ₹1010. However, an oversold RSI could indicate a potential bounce back. Monitor the stock closely for any reversal signals .

Tim0067

The stock is currently bouncing back from the lower support zone. If this bounce is sustained, it could indicate a potential upward movement towards the next resistance zone. In May 2024, Ujjivan Financial Services merged with Ujjivan Small Finance Bank, The stock market has reacted to these changes. Potential for Universal Bank License: One of the significant...