Moneycontrol
Last Updated : Jan 14, 2019 11:26 AM IST | Source: Moneycontrol.com

Buy Axis Bank with target Rs 704: Vinay Rajani

Considering the technical evidence discussed above, we recommend buying the stock at CMP target of Rs 704.

Moneycontrol Contributor @moneycontrolcom
 
 
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Vinay Rajani

Axis Bank witnessed a Symmetrical Triangle breakout on the daily charts. It formed higher tops and higher bottoms on the daily and weekly

charts. The stock price has been trading above its 20, 50, 100 and 200-DMA.

Considering the technical evidence discussed above, we recommend buying the stock at CMP target of Rs 704 and keeping a stop loss at Rs 638 on a closing basis.

Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Jan 14, 2019 11:26 am
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