Axisbank has 60% rally awaited from here(730).In bank stocks icicibank hdfcbank kotakbank all are trading above last year February month high but till now axisbank not break that level. So in coming days this will break from “U” shape pattern it already “U” pattern breakout happened in other peer group.On Technical side Stock trading above all major moving average and oscillator MACD 50.5 in weekly charts and stochastic at northward direction in daily charts and perfect bullish pattern visibility are enough to prove that more rally will expected. Target for the axisbank is 1350 and here is a mathematical calculations. Last year high 820 and low is 300 different will be 520 so (820-300 =520) . ( 520+820 = 1340). So one can bet this stock with full confidence for the period of 3 to 4 months.For above any or clarification you may contact my number by 9566851709 and email I’d rndran@gmail.com
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