The rally in AXISBANK is exceptionally robust, validating the original conviction from the ₹1077 level. The current price action confirms that the uptrend is mature but far from over.
The ₹1180–₹1200 zone is a minor area of profit booking and price digestion—a necessary pause to reset indicators and gather buyer interest. This consolidation is a sign of health, not weakness.
Clearing this level will serve as the next major technical trigger, unlocking the door for immediate targets at ₹1235 and the follow-through move to ₹1285. The focus should be on anticipating this final push through the resistance band.

RBL Bank has demonstrably forged a durable bottom at its recent swing low of 243. As long as that level is fiercely defended, the measured move target on the upside is an unyielding 306. Reaching this milestone will trigger a momentous breakout on its yearly charts, unleashing a massive, sustained rally for the medium term.
For the short term, the zone from 256 to 266 is an ironclad support band. Holding this fortress will allow the stock to easily obliterate its recent swing high of 279. Once that resistance is crushed, it will immediately surge toward 294 and 306.
On the time-cycle front, September 29th will be a pivotal and critical date.

Since late August, I have been bullish on Public Sector Undertaking (PSU) banks. The entire weakness in NIFTYBANK was sponsored by the weakness in private sector banks, while PSU banks were still doing relatively better. Hence, I suggested a couple of stocks from this basket to subscribers during the third week of August. These trades were on Indian Bank and SBI. Let’s revisit them below.

https://ganninsides.com/2025/08/25/indianbank-septembers-cycle-and-the-road-ahead/

Let’s start with Indian Bank. I identified a significant support zone, which was in the 640 to 660 range on the cash market. The stock tested the 660 mark and bounced sharply from there, clearing the 685 level on the upside and achieving our primary target of 703 on cash. The stock continues to stay significantly bullish, and it should only be a matter of time before our second target of 733 is achieved.

https://ganninsides.com/2025/08/20/the-waiting-game-why-patience-is-key-for-sbi-investors/

SBI has been the most boring stock in the entire NIFTY basket. It has been testing our patience for the past few months, because we knew that this sort of consolidation would produce a significant and powerful move on either side. We continued to believe it would generate that move on the upside, and we have been watching it patiently. Thankfully, that patience paid off yesterday when the stock moved above 856 on cash. As discussed above, the immediate targets are 897 and 928 on cash in the near term, but we would eventually be thinking of 1000 here within the next few days. Let’s see.

The recent price action in HDFC Bank suggests it may have found a bottom near the ₹940 level. This presents an initial sign of a potential reversal, but a confirmation is necessary for a high-conviction bullish stance. To validate this reversal, the stock must decisively break and close above the key resistance at ₹985 on a cash basis. While a move to ₹975 would be a positive early indication, the ₹985 level offers a more robust confirmation signal.

A breakout above ₹985 would likely initiate a short-term rally. This could lead to an initial upside target of ₹1,005, with a potential extension to ₹1,025 in the following days. These levels represent the next significant resistance zones that the stock would need to overcome. Investors and traders should monitor the price action closely to confirm the strength of the reversal.”

AXISBANK had perfect time symmetry between its January 27 low and its recently registered low on August 29. Mathematically, that’s simply perfect. As long as the stock holds its August 29 low of 1042, we will assume the low is in place.

To initiate a long position, we would be looking for a breakout above 1077. A rally toward 1105 and 1140 could follow within the next few days.

“As we analyzed on August 20th, a print of 1442 on cash was needed to confirm a strong breakout in RELIANCE.  The  stock  was  rejected  from  the  1431  level,  creating  a  new  low  below  its  early  August  low.

The  next  critical  support  is  now  the  1280  to  1320  zone  on  cash,  from  which  a  powerful  rally  can  unfold.   Today is a key cycle date, and a sustained move above today’s intraday high would signal a return to stability. Monitor this closely, because RELIANCE’s trajectory is crucial for NIFTY’s overall direction.”