Technical Analyst Ashwani Gujral has suggested investors to buy ‘Axis Bank’ stock for short term. The stock has been performing well from last few weeks.
Interested investors can buy the stock at Rs 1008 with a strict stop loss of Rs 985 for achieving a short term target of Rs 1150 within a period of 4-5 weeks.
Today, the stock has gained 0.61% at Rs 1,040.20 up till now (12:15 pm) on BSE, and it will surely achieve this target within said time period.
The stock still has good potential and it is rising exponentially year over year and offering up plentiful scope for investments.