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AXISBANK

AXIS BANK IN SELL MODE HOW FAR IT CAN GO SEE YOURSELF !1Hi traders, In morning one of my followers who is long in axis bank and new trader , asked about my view. That time i replied on basis of bnf chart rather than axis bank. So I was worried for his capital ,therefore , spend hrs to analyze this chat for you and all who are trading long or going to invest in this bank. Please see carefully. 1. In this fig a red channel is seen where price is travelling now. In few days this channel is expected to break down side . As the last leg of selling has started that can take it to first target. May be in this journey price will try to take support at lower end of channel ultimately will travel to that destination in red color support. 2. In any case this gets break then last target of white support. I do not know at what price you are long . My last target is 230 . In near 2 to 3 months it will consolidate between 320 to 260. So decide yourself selling at existing price is good in your case or wait for next 6 to 7 months to recover your price. 3, For investors 240 to 270 level is good for investment for in 12 months can go to 500. This is my analysis before investing take advice from your financial planner . I may be wrong what I am reading now shared with you. That is why now in sell mode. Rest price will decide. YOGESH VATS
NSE:AXISBANKShort
by yvatsji
26
Axis Bank ! want to Retest 1. As mention in my previous study on the fall of axis bank.(Link Below) 2. I think Axis want to retest the price of 402 . Before further fall. 3. 402 Price is also 61.8% Retarcement Level from the recent lowest price. 4. On Drawing AB=CD Pattern on the same. 5. Assuming BD=1.27, Price may take the reversal from 359. 6. After Retest Sell 399 Target: 390 , 386 Stop Loss: 402 IF YOU LOVE THIS STUDY PLEASE LIKE IT. IF YOU WANT MORE STUDY FROM MY SIDE PLEASE FOLLOW ME HERE ON TRADINGVIEW
NSE:AXISBANK
by B-Power
2
Axis Bank’s results show rising systemic risks: S&P Axis Bank's results for the year ended March 31, underscore high levels of stress and uncertainty across the Indian banking system,” the rating agency said while adding that credit cost of the bank in Q4 was higher than anticipated. The private sector lender last month reported a standalone net loss of Rs 1,387.78 crore for Q4FY20 as provisioning for bad loans and contingencies soared. Axis Bank had reported a net profit of Rs 1,505.06 crore in the same quarter of the previous financial year. Income during the latest quarter stood at Rs 20,219.57 crore. It was Rs 18,324.31 crore in the year-ago period, Axis Bank said in a regulatory filing. Provisions for bad loans and contingencies in the fourth quarter of the last fiscal were at Rs 7,730.02 crore. In the year-ago quarter, provisions stood at Rs 2,711.43 crore.
NSE:AXISBANKShort
by CeoCodes