Thursday, January 29, 2015

Axis Cades-Rs.187/-, the stock seems to be headed for good upside movement. The stock has made an all time high and also the rise all through has been on a heavy volumes as indicated in the chart which is a clear indications that the informed investors are accumulating stock and once this is over we might see the stock making new highs. Fundamentally also the company is performing very well its EPS has increased from 1.70 in 2009 to 8 in 2014 a continues rise. It has been generating positive cash from operating activity. All this is pointing that the up move is on the basis of fundamental improvement and it seems it has just started up move and upsides are possible. Stop Loss:Rs.140/-

May All be Peaceful and Happy
Mahiidar M
Enjoying Life
Trend is Friend

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