Axis Securities Sees Short-Term Buy Opportunities in IndusInd Bank, DOMS Industries and Tata Power with Nifty Bias

Axis Securities projects short-term trading opportunities in three stocks—IndusInd Bank, DOMS Industries, and Tata Power Company—expecting potential gains of up to 14% over the next three to four weeks of 2026. The brokerage’s technical view also remains constructive on Nifty and Bank Nifty, with both indices expected to trade with a positive bias within defined support and resistance ranges.

For Nifty, Axis Securities sees sustained buying interest near key support zones and expects the index to hold above major psychological and technical levels if momentum continues. Bank Nifty, according to the brokerage, shows a higher high-higher low pattern on the weekly charts, pointing to an ongoing bullish structure backed by positive momentum indicators.

"On the weekly chart, Nifty has formed a bullish candle with a lower shadow, highlighting buying interest near the lower band of the rising channel. The index successfully defended the key supports of the channel base and the psychological 26,000 level," said the technical research analysts of Axis Securities.

"For the uptrend to extend, a sustained close above 26,350 is crucial. A decisive move above 26,500 could attract fresh buying, pushing the index toward the 26,600-26,800 zone. On the downside, a break below 26,100 may trigger selling pressure, dragging Nifty toward the 26,000-25,800 support area," they added.

"For the week ahead, Nifty is expected to trade within the 25,700-26,800 range with a positive bias. The weekly RSI has turned positive above its reference levels, reinforcing the underlying bullish momentum," they stated. This outlook suggests traders may focus on buying near support levels while tracking resistance zones for potential profit-booking.

"On the weekly chart, the index has formed a bullish candle with a clear higher high-higher low structure, reaffirming a positive trend bias. A sustained move above 60,200 could attract fresh buying and propel Bank Nifty toward the 60,500-61,000 zone. Conversely, a break below 59,700 may trigger profit-booking, dragging the index toward the 59,500-59,000 support band," commented the technical research analysts of Axis Securities.

"For the coming week, Bank Nifty is expected to trade within the 59,000- 61,000 range with a positive bias. Momentum indicators support this outlook, as both the weekly RSI and Stochastic Oscillator have turned positive and remain above their respective reference levels," they further added. This pattern indicates continued strength in banking stocks, provided key support bands hold.

Stocks to buy this week: IndusInd Bank, DOMS Industries, Tata Power

Axis Securities highlights three specific stocks to buy this week and hold for three to four weeks, based on technical setups and momentum readings. The brokerage lists clear buy ranges, stop-loss levels and indicative upside targets for IndusInd Bank, DOMS Industries and Tata Power Company, all of which show positive price structures on weekly charts.

Details of the suggested trades are summarised below for quick reference. The figures reflect the brokerage’s technical view and are framed for short-term traders who track price action, moving averages and momentum oscillators while managing risk through predefined stop losses.

Stock	Buy Range (Rs)	Stop Loss (Rs)	Indicative Upside	Target Zone (Rs)
IndusInd Bank	890-874	848	8% - 14%	950-1,006
DOMS Industries	2,665-2,613	2,511	10% - 14%	2,900-3,000
Tata Power Company	390-384	374	7% - 9%	413-420

Stocks to buy this week: technical view on IndusInd Bank

For IndusInd Bank, Axis Securities sets a buy range of Rs 890-874 with a stop loss at Rs 848 and expects an 8%-14% upside over three to four weeks. On the weekly timeframe, INDUSINDBNK has given a strong breakout above Rs 893, completing an ascending triangle pattern that points to a medium-term uptrend.

The stock is forming higher highs and higher lows and is trading above a rising trendline, which supports a bullish structure. Weekly RSI is moving higher, staying above its reference line and following an upward-sloping trendline, which the brokerage reads as confirmation of strong positive momentum. The analysis suggests potential targets between Rs 950 and Rs 1,006.

Stocks to buy this week: DOMS Industries momentum setup

DOMS Industries carries a buy range of Rs 2,665-2,613, with a protective stop loss at Rs 2,511 and an expected 10%-14% upside. The share price trades above the 20-day, 50-day, 100-day and 200-day simple moving averages, which indicates broad-based strength across short and medium durations on the charts.

Weekly RSI for DOMS Industries has crossed above a horizontal resistance near the 50 mark, which Axis Securities notes as evidence of firm momentum and a bullish stance. The indicator is also holding above its reference line, pointing to a positive bias. Based on this configuration, the brokerage projects an upside towards Rs 2,900-3,000.

Stocks to buy this week: Tata Power Company price action

Tata Power Company is recommended within a buy range of Rs 390-384, with a stop loss placed at Rs 374 and potential gains estimated between 7% and 9%. On the weekly chart, TATAPOWER stays within a medium-term rising channel and has bounced sharply after testing the lower band, indicating renewed buying near support.

Trading volumes have increased around this support area, suggesting stronger participation and conviction in the rebound. The stock has also turned higher from the 50% Fibonacci retracement of the Feb'25 to Jun'25 rally, which underlines the Rs 372 region as a reliable support base. Weekly RSI has crossed above its reference line and recovered from the 44 level, generating a fresh buy signal and endorsing the price strength.

Weekly RSI gives a crossover above its reference line, validating the strength in price action. The brokerage believes this setup opens room for the stock to move towards Rs 413-420 over the next few weeks, assuming support levels continue to hold and broader market sentiment remains favourable.

The overall technical picture from Axis Securities suggests a constructive stance on Nifty, Bank Nifty and the three highlighted stocks for the coming weeks of 2026. The views rely on price patterns, support and resistance levels, moving averages and momentum indicators, and are primarily intended for short-term market participants who track technical charts closely.

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