 "Marico has been gradually inching higher since March 2020 and is currently trading closer to its record high")
Axis Bank Limited
Recommendation: Buy
Last Close: 664.45
Initiation range: 658-662
Target: 710
Stop loss: 640
We're seeing noticeable participation from the banking pack in the recent rally. Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range. The exponential surge in volumes further adding to the confirmation. We advise using any intraday dip to accumulate in the given range.
Marico Limited
Recommendation: Buy
Last Close: 419.70
Initiation range: 418-422
Target: 450
Stop loss: 405
Marico has been gradually inching higher since March
