Axis Bank, Bajaj Auto, HUL: Here's how to trade result-driven stocks

The results outcome have seen profit booking on the gap up opening

Axis Bank Ltd (AXISBANK):  The two ways to analyse this counter are moving averages and price resistance. As the stock has moved above the 100-days moving average (DMA), the positive sentiment has grown even stronger. Axis Bank now needs to conquer Rs 500 levels to embark a new trend. The medium-term support comes in at 50-DMA, which is positioned at Rs 410 levels. The immediate support on a closing basis is at Rs 440. The overall trend looks bullish as price is moving upward with average volumes. CLICK HERE FOR THE CHART

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