Buy Axis Bank Ltd For Target Rs.980 - Monarch Networth Capital
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Axis Bank Limited
Prices are rising in higher top higher bottom formation since April 2021. It has given fresh breakout from short term consolidation above 820 level (marked with Red horizontal line). Momentum indicator Relative strength index (RSI) is sustaining above 70 level, which suggests that positive momentum is likely to continue for the coming days.
It is recommended to buy at current market price or on dip near 830 – 820 levels with final stop loss at 750 level and target at 900 – 980 level
RECOMMENDATION: BUY CMP:845 SL: 750 TARGET:- 980 TIMEFRAME: 3-4 MONTHS
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