Stock of the week (4th – 8th July ’11)
Axis bank:
It is looking strong on charts, from the last few trading session it is manages to trade and close above the 50 days and 100 days moving averages. It is now taking resistance at 1316 and support at 1290. It is looking positive in the coming trading session; one can go for long position in it at 1316 for the target of 1340-1370 with stop loss of 1290.
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