AXISCADES trade ideas
Downward Trend BreakoutStock has broken a 6 year downtrend line with massive volume, buy at 108, add on dips till 98. Target of 187,227 & 334.
AXISCADES Technologies looking good CMP 215.80 | entry levels 205-210 | Multiyear levels breakout | Good volume
- Bullish Momentum - Above Short, Medium and Long Term Moving Averages
- Rounding bottom
* Not recommendation
Axiscades buy @147 SL 134 Target 200,280 Promoter's stake has increased
Company has good consistent profit growth of 29.64% over 5 years
remarkable improvement in Debt equity Ratio 1.3 to 0.17
Long on AxisCades EngineerThis stock seems to be on the verge of starting a sharp up move. It's possible it makes a close new low before going up.
The upper TL seems a good target. Following that, it could either break and continue up or could give a fall (for a Triangle possibility) and then up.
