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BUY
AXIS BANK
TARGET: Rs 715
STOP LOSS: Rs 630
In the past few sessions, we witnessed a massive corrective move in AXIS BANK where the stock turned from Rs 800 mark and is now trading near Rs 650 level. The zone of 650 – 630 has acted as a reversal zone for the stock more than thrice in the past one year.
The zone coincides with the placement of its 200 week’s moving average. Thus, traders can accumulate the stock in the range of Rs 663 - 657 with a stop loss of Rs 630 for an upside target of Rs 715 in the
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