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Axis Bank is taking support at the line of polarity on the daily timeframe. It has closed with a big bullish candlestick above the highs of the last five days, which indicates strength.
Investors have to be cautious at this stage. Profit booking in the mid-and small-cap stocks which have shot up on hope and aggressive buying would be a good strategy, suggested an expert.
As long as the stock holds above this crucial support, a bounce back towards 980-1000 levels is possible, suggest experts.
Bharti Airtel Share Price: “Despite the recent volatility in the broader market, Bharti Airtel stock has managed to sustain its upward trend. The stock has formed a 135-day rounding bottom pattern, which was followed by a breakout,” Kapil Shah, Technical Analyst, Emkay Global Financial Services Limited and Trainer at FinLearn Academy, said.
Infosys recently witnessed a decent pullback from Rs 1,300 zone, as it touched a peak of Rs 1,518, before seeing some profit booking.