Friday, 2 December 2016

AxisCades Engineering- Hot Stock

AxisCades Engineering has given very good bounce back today and showing strength on chart. This stock is currently trading at Rs.194/- on NSE with  huge volume of almost 8 times more that its monthly average volume and its delivery volume is about 48%. One should buy it with strict stoploss of Rs.188/- for intraday 1st target of Rs.199/- and 2nd target of Rs.205/- Short term Investor should hold this stock with stoploss of Rs.165/- for short term target of Rs.275/- to Rs.280/-. A strong momentum may be seen in coming days with huge volume. One should hold it patiently with above said stop-loss. In current scenario It is looking good.  One should hold it definitely for long term. It's book value is itself Rs.58/- and it is trading above its book value.This stock has good potential to become multibagger from this level. This company is in the Computer- software  Sector and this whole sector is looking very strong. Momentum  in this stock should be continue. 


Discloser-


 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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