Movers & Shakers: Stocks that will see action this week
Here is what the charts say about the shares of Axis Bank, Indegene and FSN E-Commerce Ventures
Axis Bank's stock has been on the rise for the past three weeks. After hitting a low of ₹1,175, it has now broken above ₹1,280, signaling a positive short-term trend. The stock may experience a slight correction to ₹1,240 before resuming its upward momentum and testing the ₹1,400 barrier. Traders can consider going long at ₹1,286, adding to their positions if the price dips to ₹1,240. A stop-loss should be placed at ₹1,200, and adjusted upward to ₹1,300 as the stock climbs. The target price is ₹1,400.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
