Axis Bank Limited
Recommendation: Buy
Last Close: Rs 786.50
Initiation range: Rs 775-780
Target: Rs 820
Stop loss: Rs 760
We’re seeing noticeable traction in the banking pack and Axis Bank is also trading in sync with the banking index. It has recently surpassed the upper band of the consolidation range around Rs 780 levels and is likely to inch gradually towards its record high. Traders shouldn’t miss this opportunity and initiate long trades in the given range.
Container Corporation of India Limited
Recommendation: Buy
Last Close: Rs 679.55
Initiation range: Rs 670-675
Target: Rs 715
Stop loss: Rs 650
Concor has been trading with a corrective bias for the last two months,