Axis Securities Stock Picks Based on Technical Analysis: Karnataka Bank, Astra Microwave, and ABSL AMC

Axis Securities has flagged three stocks to buy this week using technical analysis. The picks are Karnataka Bank, Astra Microwave Products, and Aditya Birla Sun Life AMC. The brokerage sees potential upside of up to 18% over about three to four weeks. The view also depends on how Nifty and Bank Nifty behave near key chart levels.

The recommendations include clear buy ranges, stop losses, and targets for each stock. These levels aim to manage risk if prices move against the setup. Axis Securities also pointed to trend signals, volume action, and momentum indicators like RSI. The broader market stance stays cautious until key index gaps and supports break.

Axis Securities shared the following trade parameters for the three ideas this week. The levels include entry bands, downside protection, and target zones. They are based on weekly chart structures and technical indicators. The expected time window is around three to four weeks, as per the note.

Stock	Buy range	Stop loss	Target
Karnataka Bank	214-210	198	Rs 240-248 levels
Astra Microwave Products	1020-1000	943	Rs 1,145-1,180 levels
Aditya Birla Sun Life AMC	920-900	845	Rs 1,035-1,070 levels

"On the weekly chart, Nifty has formed a long-legged spinning top, signalling indecision as the index hovers near the crucial horizontal support and the bullish gap zone of 24,164-24,379, formed on 12th May 2025. Technically, the index continues to trade within a falling channel and remains below its 200-day SMA, placed at 25,344, indicating a cautious undertone," commented the research analysts of Axis Securities.

"For bulls to regain control, a decisive move above the bearish gap zone of 25,000-25,141 formed on 2nd March 2025 is essential. On the downside, immediate supports are placed at 24,300 and 24,000, and a sustained break below 24,000 could trigger a deeper correction. Meanwhile, the weekly RSI is trending downward and remains below its reference line, reinforcing the prevailing negative bias in the near term," they further added.

Axis Securities stocks to buy: Bank Nifty outlook this week

"On the weekly chart, the index has formed a long bearish candle with an extended upper shadow, indicating strong selling pressure at higher levels. The formation of a lower high-lower low structure compared to the previous week further highlights prevailing weakness in the near-term trend," commented the research analysts of Axis Securities.

"Technically, a decisive move above 58,000 could trigger fresh buying interest, potentially pushing the index toward the 58,400-59,000 zone. Conversely, a break below 57,500 may accelerate selling pressure, dragging the index toward 57,150-56,800 levels. The weekly RSI remains in the negative territory, below its reference line, reinforcing the cautious outlook," they recommended.

Axis Securities stocks to buy: Aditya Birla Sun Life AMC setup

On the weekly chart, ABSLAMC breaks above 925 from a Cup and Handle base. The pattern has been forming since Dec'24. The move comes with a strong bullish candle and signals trend continuation. The stock also closes above the weekly upper Bollinger Band. That action triggers a fresh buy signal.

Momentum readings support the move. The weekly RSI crosses above 50 and its reference line. Axis Securities also notes an RSI breakout from an inverted Head and Shoulders pattern. That adds confidence to the price strength. The buy range is 920-900, with a stop loss at 845. Targets are Rs 1,035-1,070 levels.

Axis Securities stocks to buy: Astra Microwave Products setup

ASTRAMICRO stays inside a rising channel on the weekly chart. The price rebounds from the channel’s lower band and moves towards the upper band. Axis Securities also flags a breakout above 1,019 on a bullish candle. Volumes rise during the move, which suggests renewed buying interest. The structure stays positive above key averages.

The price trades above the 20, 50, 100, and 200-day SMAs. That keeps the trend bias upward on the charts. The weekly RSI also crosses above its reference line. This supports the ongoing momentum. The buy range is 1020-1000, with a stop loss at 943. Targets are Rs 1,145-1,180 levels.

Axis Securities stocks to buy: Karnataka Bank setup

On the weekly chart, KTKBANK breaks out above a falling channel that started in Jan'24. Axis Securities highlights a move past 212 with a strong bullish candle. Volumes jump during the breakout, pointing to stronger participation. The weekly RSI clears a resistance area near 60 and crosses its reference line. This supports the uptrend view.

Axis Securities expects continued strength if the price holds above 212. That could bring fresh buying interest over the medium term. The suggested buy band is 214-210, with a stop loss at 198. The upside targets are Rs 240-248 levels. Traders may track volume and RSI behaviour for confirmation during the week.

Axis Securities also carried a standard disclaimer on responsibility and advice. The note said the views belong to analysts or entities, not Goodreturns.in or Greynium Information Technologies Private Limited. It added that content accuracy is not guaranteed. The material is for information and education only. Investors are asked to verify details with licensed financial advisors.