Axis Bank cracks below 200-DMA post Q1 results; all eyes on this support

Axis Bank was seen trading below the 200-Day Moving Average after three months. More pain likely if the stock breaks below the weekly trend line support, which stands at ₹1,077; suggests tech charts.

Shares of Axis Bank cracked over 6 per cent to an intra-day low of ₹1,086 on the NSE in Friday's trade after the bank's Q1 earnings disappointed the Street. In the process, the stock also plunged below its long-term 200-Day Moving Average (200-DMA) for the first time since April 16, 2025.  Axis Bank reported a 4 per cent year-on-year (YoY) decline in net profit at ₹5,806 crore for the first-quarter ended June 2025 for the financial year 2025-26. The bank attributed the drop in profit to "technical" slippages and one-time bump in provisions.  The bank's total