MY NEXT PICK FOR MARCH SERIES IS AXIS BANK. AS FOREIGN INSTITUITIONAL INVESTORS ARE PUTTING MONEY ALTHOUGH RISK FACTORS AND ELECTION POLLS RESULTS OF UTTAR PRADESH AND OTHER STATES RESULTS ARE ON THE CARDS. EVEN THOUGH THEY ARE VERY MUCH BULLISH AND BETTING ON INDIAN ECONOMY.
BUT FIIS ARE VERY MUCH SELECTIVE IN STOCK SELECTION . SO BE AWARE BEFORE INVESTING OR TRADING.
AXIS BANK OPEN INTEREST ACCUMULATION ON THE LONG SIDE AND FORMING OF A RISING WEDGE FORMATION ON THE CHARTS IS VERY MUCH POSITIVE FOR THE STOCK.
SO BUY AXIS BANK AT AROUND 510 WITH A STOP LOSS AT CLOSING BASIS BELOW 500 FOR THE RESPECTIVE TARGETS OF 540 AND 555 WHICH IS LOOKING TO GET IN MARCH ITSELF.
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