1. Axis Bank has Form Descending Triangle Pattern on an Hour Chart.
2. But , there is no supply zone till the level of 465. So, It may face rejection from the Trend Line .
3. Sell below 448 Target:442 , 439 ,437,427 , 402 SL: 454
4. First time , I am sharing you the fundamental analysis of the stock here on TradeView
Pros:
A. National Wide Spread.
B. P/E is the Second Highest in the industry after HDFC Bank .
Cons:
A. In last three Years Promoter has withdrawal there 13% stack
B. PEG Ratio is -5.75 ( Really Bad)
C. Return is the lowest is the industry
D. Debt ratio is 10.5 Second highest after Yes Bank 12.5 ( Very High Debts)
E. Dividend Payout is low
F. Axis Bank Declare Loss of about 1300 Crore in the last Quarter.
IF YOU LOVE MY STUDY PLEASE LIKE IT. IF YOU WANT MORE UPDATE FROM MY SIDE PLEASE FOLLOW ME HERE.
IF YOU GAIN ANYTHING FROM THIS STUDY. PLEASE DONATE RS 50 TO PM CARES TO FIGHT AGAINST CORONA AND SHARE THE SCREENSHOT TO MOTIVATE OTHER,
2. But , there is no supply zone till the level of 465. So, It may face rejection from the Trend Line .
3. Sell below 448 Target:442 , 439 ,437,427 , 402 SL: 454
4. First time , I am sharing you the fundamental analysis of the stock here on TradeView
Pros:
A. National Wide Spread.
B. P/E is the Second Highest in the industry after HDFC Bank .
Cons:
A. In last three Years Promoter has withdrawal there 13% stack
B. PEG Ratio is -5.75 ( Really Bad)
C. Return is the lowest is the industry
D. Debt ratio is 10.5 Second highest after Yes Bank 12.5 ( Very High Debts)
E. Dividend Payout is low
F. Axis Bank Declare Loss of about 1300 Crore in the last Quarter.
IF YOU LOVE MY STUDY PLEASE LIKE IT. IF YOU WANT MORE UPDATE FROM MY SIDE PLEASE FOLLOW ME HERE.
IF YOU GAIN ANYTHING FROM THIS STUDY. PLEASE DONATE RS 50 TO PM CARES TO FIGHT AGAINST CORONA AND SHARE THE SCREENSHOT TO MOTIVATE OTHER,
Trade closed: target reached:
All target achieved til 427 , If you are positional Trader you will see 420, 416 , 402 in next few week
Trade closed: target reached:
Second Target Achieved
Trade closed: target reached:
Third target also achieved
