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Tuesday, December 24, 2024 | 09:36 AM ISTEN Hindi

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Mehul Kothari recommends buying Axis Bank, Fine Organic above these levels

According to the technical analyst from Anand Rathi, Axis Bank can rally up to Rs 670 in the next 2 - 3 trading sessions.

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis
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Mehul Kothari Mumbai
Axis Bank
Buy Above Rs 652
Target: Rs 670
Stop Loss: Rs 640

During yesterday’s closing hour, Axis Bank managed to close near the day's high which indicates strength. The stock has still not breached its May 2022 low of Rs 630 which displays outperformance.

On the daily time frame, we are witnessing a bullish hammer like formation. Thus, traders can buy the stock above Rs 652 with a stop loss of Rs 640 for an upside target of Rs 670 in coming 2 – 3 trading sessions.

Fine Organic
Buy Above Rs 4,820
Target: Rs 5,200
Stop Loss: Rs 4,620

The stock of Fine Organic had a phenomenal rally

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