Chart Check from Emkay Global for Thursday, April 12: IVRCL Infra, Axis Bank

We have compiled technical recommendations from Dharmesh Patel, Technical Analyst, Emkay Global Financial Services for today.

IVRCL Infra is a 'BUY' call with a target of Rs 76 and a stop loss of Rs 70

Buy: The short term trend of the stock is bullish. Current consolidation should be bought in to take the advantage of price appreciation. Short term momentum is also bullish. Buy for the target of 76. Maintain a stop loss of 70.

Axis Bank Ltd is a 'BUY' call with a target of Rs 1257 and a stop loss of Rs 1146

Buy: The short term trend of the stock has changed from bearish to bullish. It is because of the trend line break. Momentum is also favouring the bullish breakout. Buy for the target of 1257, keeping a stop loss at 1146.