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AXISBANK

(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. 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,
NSE:AXISBANKShort
by B-Power
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.
NSE:AXISBANKEducation
by ProjectWealth