Axis Bank looks good: Bhambwani
June 29th, 2009
Technical Analyst, Vijay Bhambwani is of the view that Axis Bank is looking good for momentum players.
Bhambwani told CNBC-TV18, “IndusInd Bank looks like it is stretch on the short term charts. It is into overbought territory. Axis bank is looking good for momentum players but over a period of time, short to medium term going over the next quarter or so. HDFC Bank is showing absolutely fantastic relative strength compared to not only the peer group but also the broader market. So in the pegging order I think HDFC Bank then Axis Bank.”