Axis Bank looks good: Bhambwani

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Axis Bank looks good: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that Axis Bank is looking good for momentum players.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Vijay Bhambwani See what other Experts & Brokerages are saying about Axis Bank See messages about Axis Bank Axis Bank BSE | NSE 28/05/12 Are Mutual Funds betting on Axis Bank?

Technical Analyst, Vijay Bhambwani is of the view that Axis Bank is looking good for momentum players. 

Bhambwani told CNBC-TV18, " IndusInd Bank looks like it is stretch on the short term charts. It is into overbought territory. Axis bank is looking good for momentum players but over a period of time, short to medium term going over the next quarter or so. HDFC Bank is showing absolutely fantastic relative strength compared to not only the peer group but also the broader market. So in the pegging order I think HDFC Bank then Axis Bank."  

Disclosure: It is safe to assume that analyst and his clients may have investment in the stocks/sectors discussed.