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Axis Bank is Religare's pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?
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₹1,074.05 and gained 2.5 per cent to hit an intra day high of ₹1,101.60 against its 52-week high of ₹1,151.50 apiece on the BSE. Religare Broking highlights that in its report that Axis Bank has remained one among the top performer among the private banking majors and we expect the outperformance to continue.
‘’The stock has been in a primary uptrend from last more than eight months, forming series of Higher Highs and lows with gradual rise in volumes. It has formed an elevated base around the 20 Weekly EMA which also coincides with rising support trend line,'' said Religare Broking.
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