Axis Bank

$AXISBANK Axis Bank has broken below its rising trendline, indicating a loss of short-term bullish momentum and the possibility of a corrective phase. The recent pullback has taken the stock below the trendline support, suggesting that sellers have gained control in the near term. The ₹1,240–1,250 zone is now an important support area; if the stock holds above this level and witnesses fresh buying, a recovery is possible. However, a decisive close below this support could lead to further downside pressure.