New Delhi, March 19 -- Axis Bank: Buy at Rs.1,045 | Target Rs.1,134-1,140 | Stop loss Rs. 998
On the hourly chart, the Axis Bank stock has given a triangle breakout. Additionally, it forms a head and shoulders pattern. The ADX is at 35, indicating strong momentum.
JSW Energy: Buy at Rs.548 | Target Rs.580-590 | Stop loss Rs.530
After a long consolidation between the 500-525 levels, the stock has given a breakout and also formed a reversal Head & Shoulders pattern with an upside target of 590, which can be achieved in the coming days. Additionally, the JSW Energy stock has broken out of a bullish pennant pattern, with rising volumes supporting the bullish momentum.
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