Axis Bank: The long-term outlook for Axis Bank appears positive, with the stock being in an uptrend that is expected to continue. Immediate support is at ₹1,060, with a strong support zone around ₹1,000. The stock has the potential to reach ₹1,500 by the end of 2025. It is advisable to keep a stop-loss at ₹970, which can be revised as the price moves up, with the final exit target set at ₹1,500.
ONGC: The short-term outlook for ONGC is bearish, with the stock trending downwards and resistance at ₹270-₹280. There is a possibility of a further fall to ₹210-₹190 in the coming months. However, in the long term, there is potential for a rally from around ₹200 to ₹350. It is recommended to buy at ₹215 and ₹195, with a stop-loss at ₹160 and exit target at ₹350.
Lupin: Lupin has been in a strong uptrend since April, with support at ₹1,950. The stock has the potential to target ₹2,700 in the coming months. It is advisable to keep a stop-loss at ₹1,880, which can be revised as the price goes up, with the final exit target set at ₹2,700.
IDFC First Bank: IDFC First Bank has been in a strong downtrend, with no sign of reversal. There is a possibility of testing the next support zone at ₹59-₹58 in the short term. It is recommended to exit the stock at current levels, as there is no indication of a trend reversal. Consider reinvesting in other stocks like Lupin or Axis Bank for better prospects.
Overall, while the outlook for Axis Bank, Lupin, and ONGC is positive, it is advisable to exit IDFC First Bank at current levels and consider reinvesting in other promising stocks.
