#AXISBANK : The level of 650 has been quite significant for Axis Bank and working as an important level since 2015, that makes it a multi year key price (6+ years). After Covid crash price returned in the same range of 2019.
Important to see that price traded this range in complete 2019 and now again whole 2021 it traded the same range, telling a Fair value for the stock. If one is looking to add a banking stock in portfolio, Axis bank seems a good one near 650-680 Prices.
In case of any black swan event or as per current market conditions uncertainty due to war, if price drops, I think it may easily wick up to 520-550 range and if I get an opportunity to buy it there, thats should be a steal. Adding it in my portfolio slowly between 650-700.
Feel free to update your suggestions or DM me for discussion.
Important to see that price traded this range in complete 2019 and now again whole 2021 it traded the same range, telling a Fair value for the stock. If one is looking to add a banking stock in portfolio, Axis bank seems a good one near 650-680 Prices.
In case of any black swan event or as per current market conditions uncertainty due to war, if price drops, I think it may easily wick up to 520-550 range and if I get an opportunity to buy it there, thats should be a steal. Adding it in my portfolio slowly between 650-700.
Feel free to update your suggestions or DM me for discussion.
On Telegram :
DM : @wowitstony
TG Channel : @letstradecoins
DM : @wowitstony
TG Channel : @letstradecoins