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Published on 21/05/2019 9:53:31 AM | Source: Religare Securities Ltd

Option Strategy Axis Bank Ltd by Religare Securities

Posted in Broking Firm Views - Short Term Report| #Axis Bank Ltd #Banking Sector #Trading Report #Religare Securities Ltd

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Religare Super Ideas

Axis Bank Limited (AXISBANK) 

AXISBANK has surged strongly today i.e. on 20 May, after testing it crucial support of 100 EMA on daily chart and made a new record high at 790.65. Considering the buoyancy of banking index combined its chart formation, we’ve clear signal of steady up move ahead. We advise creating fresh longs positions in the given range through call option.

Recommendation

BUY 800 CE Axis Bank Limited @ 14-16 Stop Loss 9 Target 30 CMP 17

 

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