Voda Idea, Burger King, ICICI Bank: Strategies for result-driven stocks

Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup

Axis Bank Ltd (AXISBANK)
Likely target: Rs 800
Upside potential: 6.50%

The “Double Bottom” breakout suggests a positive outlook for the shares of Axis Bank that had crossed the 200-day moving average (DMA) recently. It has managed to hold the support at Rs 700 levels, which is the 50-DMA. In future, a move above the Rs 750 mark, the last resistance, could see the continuation of the positive sentiment sparked by the “Double Bottom” breakout. That might eventually see shares moving towards Rs 800 levels in the sessions ahead. C