Axis Bank could head to 1150 levels: Ashwani Gujral
"The bank charts look gory and nothing changes. Past results are past, now we need to see what kind of outlook is there in the future."
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Axis Bank
A quick chart check on Axis Bank in particular?
The bank charts look gory and nothing changes. Past results are past, now we need to see what kind of outlook is there in the future. This could head down to levels of 1150 from there and we saw that even results from HDFC did not do much for the stock. So the stock still continues to move lower. We need to at least trade past 1320 to move into an uptrend.
A quick chart check on Axis Bank in particular?
The bank charts look gory and nothing changes. Past results are past, now we need to see what kind of outlook is there in the future. This could head down to levels of 1150 from there and we saw that even results from HDFC did not do much for the stock. So the stock still continues to move lower. We need to at least trade past 1320 to move into an uptrend.
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