Buy Axis Bank with stoploss at Rs 1140: Nirmal Bang

Nirmal Bang Securities has recommended investors to buy shares of Axis Bank with a stop loss of Rs 1140.

MUMBAI: Nirmal Bang Securities has recommended investors to buy shares of Axis Bank with a stop loss of Rs 1140.

“The stock is very strong as it is forming higher tops and higher bottoms on daily charts. Stiff resistance is seen around 1173-1177 levels and if the stock manages to hold 1175 then next level can be 1200 in near term,” said Nirmal Bang Securities.

Shares of the company were trading at Rs 1162 on the NSE.
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