Stocks to Watch For Today

Stock to Watch for Monday- Axis Bank 
Weekly Chart
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Technical Analysis CapitalHeight
Axis Bank gave break out of the consolidation range on daily and weekly chart, with all the banking sectors are on bull fun. Bank Nifty just an inch of 27000 mark. The stock was in tight consolidation on weekly chart and the break out was above 575. It successfully gave weekly closing above 590 and heading towards its next resistance level at 620. 

On a weekly chart the stock has strong trend line support and also has 21 day EMA Support. RSI also breaks its weekly and daily range. It may witness a sharp rally on Monday if again sustains above 590 in the early trading sessions. Buy Axis Bank between 580 and 590 for the intraday target of 510-520 with stop loss below 574. Axis bank also going to declare its quarterly result on Monday so high volatility is expected post declaration.