wait for the retracement to plan for fresh entry

Axis Bank Ltd. is one of India's leading private-sector banks, with operations across retail banking, corporate banking, credit cards, loans, deposits and wealth management. Its long-term performance depends on loan growth, deposit mobilisation, net interest margins, operating efficiency and asset quality. The bank's September 2026 quarterly business update showed: - Gross advances: ₹13.85 lakh crore, up 22.7% year-on-year. - Total deposits: ₹14.52 lakh crore, up 20.7% year-on-year. - Quarter-on-quarter advances growth: 8.8%. - Quarter-on-quarter deposits growth: 5.8%. Angel One +1 These figures indicate strong expansion in the bank's business. However, growth in advances should be assessed alongside deposit costs, profitability and asset quality. The full Q2 FY27 financial results are important for confirming whether business growth is translating into sustainable earnings. 3. Technical analysis: support and resistance Based on the latest available price and technical reference levels, traders can monitor the following zones. These are indicative levels, not guaranteed turning points. Technical level Price Immediate support ₹1,265 Next support zone ₹1,250–1,240 Immediate resistance ₹1,295–1,300 Next resistance zone ₹1,308–1,320 The stock's recent trading range and published technical levels support monitoring the ₹1,290–1,300 zone for a breakout attempt. Choice +1 - Bullish scenario: A sustained close above ₹1,300, supported by strong volume, may open the way towards ₹1,308–1,320 and potentially higher levels. - Consolidation scenario: Failure to cross ₹1,300 could keep the stock range-bound between approximately ₹1,250 and ₹1,300. - Bearish scenario: A decisive close below ₹1,250 may increase selling pressure towards ₹1,240 and lower support levels.