Axis Bank has come out of a very long consolidation range. Looks like a good buy. 543 can be a temporary block for the up move resulting in a small pull back, but I don't expect it to hold on strongly. 530 looks like a good entry point with stop loss just below 480 or below the rising trendline.
Alternatively, you may opt to enter from current level by averaging as it goes down to 520-530 level and from there I could only see a good uptrend. Price could reach 570 and it can extend to 600 and even 635. I would prefer to buy in cash.
Alternatively, you may opt to enter from current level by averaging as it goes down to 520-530 level and from there I could only see a good uptrend. Price could reach 570 and it can extend to 600 and even 635. I would prefer to buy in cash.