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The stock quoted a 52-week high price of Rs 4606.0 and a 52-week low of Rs 3292.65.

On the technical charts, the 200-day moving average of the stock stood at Rs 2546.26.

​RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. ​

I would say that for people who are willing to take a contrarian bet and looking to buy into some pharma or some stocks I think Reliance is a better opportunity because Reliance does have triggers going for it in several of its businesses and it has also underperformed significantly

Price sustaining above 200 day EMA and resuminguptrend after consolidation signaling further upsides incoming sessions

​Last year, they corrected because we were in a monetary tightening cycle. But actually, the actual physical property market kept recovering. So, the moment we get a hint of easing, the property market stocks will do very well.

The Nifty Bank index was trading 1.0 per cent up at 44456.3.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 287901.04 Crore).

The stock quoted a 52-week high price of Rs 598.15 and low of Rs 315.3.

The brokerage has cut its FY24 PAT estimate by 5% and FY25 PAT estimate by 15% to factor in higher continued provision for SC/GST on royalty, higher dry well write-off, and weak FY23 results. Hence, it has further slashed its TP to INR 200/share (from INR 220/share).