Stock of the day : Axis Bank Ltd For Target Rs. 38 - Religare Broking
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Axis Bank Ltd
* Among the banking majors, Axisbank recently faced a downturn.
* In the previous session, stock witnessed a breakdown below 100 EMA, mounting negative bias.
* In continuation, a fresh breakdown below 200 EMA is also seen.
* Also closing below the rising trend line of 6 months, which acted as a major support previously.
* Traders maintain sell in the counter; below 200 EMA, additional pressure could curb.
Buy Axis Bank Ltd CMP 24.45 Range 23-25 SL 18 Target 38
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SEBI Registration number is INZ000174330
