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
Long term buy for Axis bankThere are good opportunities to buy Axis bank if it breaks 304 level.
If it breaks then we can see levels of 250.
One can start buying with long term view below this levels.
BANKNIFTY Bank nifty looks like inverted head and solder so bee care full and also it will test again 19800 levels again if it sustain above 20000 then we can see some upside
AXIS BANK NSE:AXISBANK
NEED TO SEE IF THE PRICE ABLE TO BREAK THE RESISTANCE OF 425 OR REJECTS HERE
SHORT IF REJECTS AND LONG ABOVE 425
AXIS BANK TRADING IDEAAxisbank at its support zone @379.50
if it go below 379.50
can sell (range - 379-377)
Target 1st - 371
2nd- 368
(For Intraday)
SL - 389.55
AND if it go above 381.90
can buy
tg. 1st - 384
2nd - 388-90
(For Intrday)
SL - 376
axis bank looking good for a short tradedescending triangle breakdown .
short around 394-398 levels for a target of 340
and stoploss of 405 on closing basis.
AXIS BANK LONGLong @388 with target at 418 and stoploss at 368
Bearish candle at P1 with declining trend
Beginning of a morning Star pattern formation with gap down hammer pattern at P2
RSI has scope to rise and price in below average by 1 deviation. Support visible near stop sloss.
What do you guys think?
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
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AXIS BANK SHORTNSE:AXISBANK
If it goes below 385 there could be a good short trade.
Looks weak below 390 levels.
INTRA-DAY TRADE IN AXIS BANK FUTINTRA-DAY TRADE IN AXIS BANK FUT
SHORT@371.6
STOP@380
TARGET@360
QTY=2400
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
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.
INTRA-DAY TRADE IN AXIS BANK MAY FUTINTRA-DAY TRADE IN AXIS BANK MAY FUT
SHORT@404
STOP@411.5
TARGET@390
QTY=2400
RATES ARE AS PER SPOT
PLEASE ADJUST FOR FUTURES
Axis bank short SellAxis bank for tomorrow on bearish mode. Sell below 440 for the target of 430 & 425 with SL of 444.
AXIS BANK Resistance.Axis Bank has made a lower low, and is at a short term resistance where it faced a sharp intraday sell of on Thursday. If the sell off continues on Monday, there is a good opportunity to short. The stock may see correction towards 400 zones. Will be observing the moment in Monday's trade.
Possible Trade:
Stop Loss at 455.
Target Price: 405.
(Intraday) Descending Triangle Pattern on Axis Bank1. 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.
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AXIS Bank Results tradeOn breakout trigger buy
Any reversal at resistance trigger sell
#AxisBank RESULT OVERVIEW:
🟢 Net Income: ₹10,793 Cr (+17% ▲)
🟢 Net NPA: 1.56% (-50 bps ▼)
🔴 Net Profit: -₹1,388 Cr
🔴 CASA: 40.4% (-270 bps ▼)
🟢 Advances: ₹5,59,122 Cr (+15% ▲)
🟢 Deposits: ₹6,14,419 Cr (+17% ▲)
🟢 Balance Sheet: ₹9,15,164 Cr (+14% ▲)
🔸Overall the results look positive as the bank has mostly reported a healthy growth on most parameters.
🔸The asset quality of the bank has improved.
🔸The net loss reported is mainly due to the provisions and one-time tax adjustments.
🔸Axis Bank GDR is trading at +10% after the Q4-FY20 results.
🔸We can expect a similar move in the Indian markets tomorrow.
🔸The GDR up move indicates that the markets have received the results on a positive note.
