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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
The mainly four Fib. Retracement are applied.The mainly four Fib. Retracement are applied in different years. confluence zone at 9647. 38.2 retracement level is at 9395 previous resistance and 61.8% retracement level at 9067. [/lis t] Question is how to understand and use these levels? Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors. I would like to add GAP theory on with retracement in another chart .
NSE:NIFTY
by Trade-Technique
13
Investors & Traders, used 3 timeframes for analysis.Safe buy for traders 2342 only For an Investors: confluence zone 1879-1915 Alway creates a Rotation for a short time before the price is pushing any side. Due to price rotation, the volume is generated. Isolated Pivots : - These pivots are created by a three-bar/candle reversal and as shown "Projected Pattern Bar". This occurs when we have a three-bar/candle pattern where the center candle has a lower low and a lower high than those on either side. After the breakout this congestion area , we will single side move.
NSE:BAJFINANCE
by Trade-Technique
92
CRUDE AT ROCKBOTTOM:SELL VIEW POSTED ON 19 APR 20:DROPPED 99%For crudeoil, I publised my bearish view with immediate target of $9 on 19 Apr 20, it was trading at $24.83. Now trading at 0.08 cents My post Lot of you have thanked me for early warning to exit longs and save their hard earned. I am also glad to know that lot of you have made HUGE money on this too. All the best for future trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
TVC:USOIL
by DhirajSinghBais
12
Parallel channe with Golden ration analysis. Parallel channel with gravitation on the weekly chart-: If you see the price between line (b) and (c), you will note that price is trading longer time into this area. Presently, the stock price is the (d) or value low which is support. ---------------------------------------------------------------------------------------------------------------- confluence zone m1 and m2 is the support from fib retracement. m1 1207 (currently price trading) m2 1114 which is at 50% division
NSE:PIDILITINDLong
by Trade-Technique
66
Turn R to S and again R on RELAINCE. LH 1511 is confirmed LL 1361 --> Price can move and react as resistance at POV 1281. --> The impulsive move is 4.2 x than the Correctional move. The price can move up to 1281 nearby. CLOSE VIEW In the chart, the line was drawn from the black color which works to atrract price value. Turning our eyes on the chart from left to right means that reistances turn in support and it time to act as reistance again. R 1247 nearby.(R can push the price upto 1100 below.)
NSE:RELIANCE
by Trade-Technique
67