Moneycontrol
Oct 17, 2016 03:49 PM IST | Source: CNBC-TV18

Stay invested in Axis Bank, says Prakash Gaba

According to Prakash Gaba of prakashgaba.com, one may stay invested in Axis Bank.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "In Axis Bank one should have a stoploss below Rs 500. If it breaks Rs 500, take the money home otherwise continue holding it; maybe the next target is Rs 625. It made a double top technically which I don’t like; that is why need for a stoploss."

The share touched its 52-week high Rs 638.00 and 52-week low Rs 366.65 on 07 September, 2016 and 18 January, 2016, respectively.

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