Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436

Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436, SL: 378.30.

Medium term outlook: We are expecting 20% upside from current levels, provided market conditions are good. Keep a stop loss of 378.30 to restrict losses in case market corrects.

Trade geschlossen: Ziel wurde erreicht:

Short term traders are suggested to book profits around 428 - 430 levels.

Caution: Parabolic rises stock prices can also lead to steep fall during market corrections.

Medium term investors can hold on to stock with a 20% upside from 410 levels maintaining a stop loss of 378.30.