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Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark

According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark.

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Mehul Kothari Mumbai
Axis Bank
Buy Near: Rs 825
Target: Rs 875
Stop Loss: Rs 799

After many attempts since the year 2019, Axis Bank has managed to close above the Rs 820 mark. A weekly close above Rs 820 might pull the stock into 4 digits.

In the last three years, the stock has failed to confirm the breakout. Thus, it will be an interesting candidate to go long for the coming sessions. High risk traders can buy the stock near Rs 825 for the given target.

Aegis Logistics
Buy Near: Rs 300
Target: Rs 330
Stop Loss: Rs 285

Aegis Logistics (AEGISCHEM) has confirmed an inverse head

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First Published: Oct 21 2022 | 8:22 AM IST

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