Stop Loss: Rs 1,080
Target: Rs 1,170-1,190
Shares of Axis Bank closed 2.8% up last week at Rs 1,140 levels. Technically, it breached the resistance level of Rs 1,100, which is positive for the stock. The action was amid high volumes, supporting the counter. Buy around Rs 1,110-1,120 with a stop loss of Rs 1,080 and target of Rs 1,170-1,190 in the short term.
(Anuj Gupta, Ya Wealth Global Research)
