Monday, December 19, 2011

AXISBANK-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


AXISBANK closes  at  ` 904.05  with a fall   of -4.75 % on 16 Dec  2011 with formation of  a Long Black Candle & Falling Wedge Pattern with Bearish Engulfing  on Daily  Price Chart.Technically, AXISBANK is looking week  on Charts. Major Momentum Indicators are also Slugggish on Price Chart.  BSF has given Strong Negative Signal on Daily price chart along with RSI.
We Recommend to SELL  -  AXISBANK at CMP
Target- `879.60
Stop-Loss – ` 935
Time Frame- 5 Trading Days


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