Axis Securities Weekly Stock Picks Highlight Aurobindo Pharma and Great Eastern Shipping While Advising Caution on Indian Bank

Axis Securities issued weekly stock picks for a 3 to 4 week holding period. The list included Aurobindo Pharma and The Great Eastern Shipping Company as buys. Indian Bank (March Futures) featured as a sell idea. Axis Securities estimated potential upside of up to 15% across the chosen trades.

The note also flagged weaker broader market signals for Nifty and Bank Nifty. Axis Securities pointed to nearby support and resistance levels for both indices. Momentum readings such as RSI were described as trending lower. These views set the risk backdrop for the week’s stock picks.

"On the weekly chart, Nifty formed a sizable bearish candle, forming a lower high-low compared to the previous week. The index also closed below the previous week's low, indicating further weakness. With the current week's close, the index has violated the past five years' "upsloping trendline" support at 24,400 levels on a closing basis," commented the research analysts of Axis Securities.

"On the downside, immediate supports are placed at 22,900 and 22,800, and a sustained break below the same could trigger a deeper correction towards the 22,000 level. On the upside, the supply zones are placed around 23,800-24,400 levels. Meanwhile, the daily, weekly and monthly RSIs are trending downward and remain below their respective reference lines, reinforcing the prevailing negative bias in the near term," they further commented.

"On the weekly chart, the index has formed a long bearish candle with an upper shadow, indicating strong selling pressure at higher levels. The formation of a lower high-lower low structure compared to the previous week reflects prevailing weakness in the near-term trend. Technically, a decisive move above 55,000 could trigger a short-term relief rally, potentially pushing the index toward the 56,000-57,000 zone," commented the research analysts of Axis Securities.

"Conversely, a break below 53,500 may accelerate selling pressure, dragging the index toward 52,500-51,300 levels. The weekly RSI remains in the negative territory, below its reference line, reinforcing the cautious outlook," they further stated.

Axis Securities stock picks: buy and sell levels

Axis Securities set clear entry bands, stop losses, and projected price zones. Aurobindo Pharma had a buy range of 1280-1256 with a stop at 1195. The upside was pegged at 12%-15%, targeting 1,414-1,455. The Great Eastern Shipping Company had a buy range of 1400-1370, stop loss 1313, and upside of 10% - 12% to 1,529-1,555.

Stock	Call	Range	Stop Loss	Projected move	Indicated price zone	Horizon
Aurobindo Pharma	Buy	1280-1256	1195	Upside: 12%-15%	1,414-1,455	3 to 4 weeks
The Great Eastern Shipping Company	Buy	1400-1370	1313	Upside: 10% - 12%	1,529-1,555	3 to 4 weeks
Indian Bank (March Futures)	Sell	890-906	939	Downside: 9%-11%	818-800	3 to 4 weeks

Axis Securities said Aurobindo Pharma broke above a horizontal channel from Jan'25. The move crossed 1,266 with a bullish weekly candle. Volumes rose sharply, signalling stronger participation. The stock stayed above 20-, 50-, 100-, and 200-day SMAs. Axis Securities also noted weekly RSI moved above the 60 area.

For GESHIP, Axis Securities observed a steady pattern of higher tops and bottoms. The stock cleared 1,400 resistance with a strong candle and higher volumes. Prices remained above 20-, 50-, 100-, and 200-day SMAs. Axis Securities cited daily and weekly "Bollinger Band" buy signals. Weekly and monthly RSI crossed above reference lines.

Axis Securities marked Indian Bank (March Futures) as a sell after a trend break. The stock fell through a four-month "rising trendline" with a bearish daily candle. Volumes increased during the decline, signalling growing weakness. The price held below the 20- and 50-day SMAs. Axis Securities added that RSI stayed negative, with weekly divergence.

Goodreturns.in and Greynium Information Technologies Private Limited said the views belong to analysts. The platform did not guarantee accuracy, completeness, or reliability of the information. It also stated it did not provide investment advice. Readers were asked to verify details with licensed financial advisors before taking decisions. The content was described as informational and educational.