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The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Devang Shah. The information contained herein is based on my analysis of the Charts. I,however,do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The Investment discussed & recommended on this website may not be suitable for all. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent Views, as they believe necessary.
While acting upon any information or analysis mentioned on this website, investors may please note that neither Devang Shah nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. I may hold long or short positions in the securities/commodities discussed herein from time to time. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities.

Stocks


TUESDAY, APRIL 25, 2017

  


VALUE WAVE INVESMENT STOCK IDEAS:
TECHNO-FUNDA MEDIUM TO LONG TERM INVESTMENT IDEAS:

AXIS BANK
CMP-516.60

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AXIS BANK has wave-(V) of 5 UP pending as per quarterly chart attached. It has also completed short term correction as per daily chart attached. It closed near break out levels as per daily chart attached. Sustain above break out levels will lead to sharp upside till 560-580 levels in short term as per chart attached. It has strong support around 480 levels in short term from trading perspectives.

From medium term perspectives, one can expect targets of around at least 700/750 for wave-(V) of 5 as per chart attached. It has strong support around 424 levels from medium term perspectives.

Itís also at the verge of break out levels as per daily chart attached. Risk rewards are favourable to BUY for value wave investor for medium to long term investment perspectives as current levels from both fundamental & technical perspectives.

One should buy at current market price or any kind of decline or consolidation with SL-424 for such positional targets of around 700/750 levels in medium to long term. One should keep time horizon for around 1-2 years for such targets.






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