Below is the technical chart of Axis Bank, listed on Indian Stock exchange, using ichimoku indicator.

 

 

 



 

Price above kumo, chikou-span above kumo, so there is no question why one shouldn't buy this stock. Just buy Axis bank at current levels for the target of 1226.70. Book your profits once at that level as it will face strong resistance there and will give some correction.  Make a stop-loss of 988 now.

Buy Axis Bank | Technical Chart | 02-Feb-2012
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