AnandRathi puts 'buy' on Axis Bank
Anand Rathi Securities has a ‘buy’ call on Axis Bank around the current price of Rs 710 for target Rs 790 and stop loss of Rs 675.
By ET Online |
MUMBAI: Anand Rathi Securities has a ���buy��� call on Axis Bank around the current price of Rs 710 for target Rs 790 and stop loss of Rs 675.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 680.
Axis Bank, after a descent consolidation exhibits a trend reversal, rise in RSI from over sold zone indicates a medium term buy in the counter.
The brokerage suggests accumulating more if it comes close to the support level. If it moves above Rs 790 level then it can even touch Rs 840 levels.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 680.
Axis Bank, after a descent consolidation exhibits a trend reversal, rise in RSI from over sold zone indicates a medium term buy in the counter.
The brokerage suggests accumulating more if it comes close to the support level. If it moves above Rs 790 level then it can even touch Rs 840 levels.
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