Axis Bank

Axis bank is at long term support level. The stock previously broke down from downward slopping channel technical targets of that were around 367. Today stock made a low around that level. The stock also has a good long support level around these levels.

The stock after a waterfall downfall made a doji pattern which could be a signal of a short term bottom may be a medium term bottom too. The RSI  of stock is also at 19.39 which indicates stock is oversold. So Buy to banti hai. 


Not suggesting any SL or TGT as stock is looking for investment angle. If short term view can take a SL of 355 on closing basis targets are wide open.

Disclosure: I am not a SEBI certified analyst. Further i am also holding stock in cash so i may have financial interest in the stock and may  buy more or sell any time.




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