NSE : AxisBank : Value Investing - 80% Upside Potential
Bad Loans were already a major concern for banking sector and now multi-crore frauds. It seems that banking sector will be under tremendous pressure going ahead. Further tightening in RBI Regulation could lead more NPA recognition therefore banks would require higher provisioning again. Worst seems not getting over for banking sector since last 12 to 18 Months.
But the show must go on.........
we have contrarian view particularly on Axis bank. Axis banks has also been hit by bad loans and higher provisioning. However it seems that worst is over for axis bank last few quarters were bad and it seems price has already discounted that concerns.
Axis Bank was the only private sector bank which underperformed in a previous bull run. It has yet to surpass its March 2015 Highs.
Downside is limited Around 475-500 Levels. Best Counter to Accumulate on Further declines. Below 460 Levels it will have downside pressure. Keep that level in mind as a Reversal.
Having a bullish view on Axisbank, upside seems to be more then 70% to 80% form current levels over 18 to 24 Months.
But the show must go on.........
we have contrarian view particularly on Axis bank. Axis banks has also been hit by bad loans and higher provisioning. However it seems that worst is over for axis bank last few quarters were bad and it seems price has already discounted that concerns.
Axis Bank was the only private sector bank which underperformed in a previous bull run. It has yet to surpass its March 2015 Highs.
Downside is limited Around 475-500 Levels. Best Counter to Accumulate on Further declines. Below 460 Levels it will have downside pressure. Keep that level in mind as a Reversal.
Having a bullish view on Axisbank, upside seems to be more then 70% to 80% form current levels over 18 to 24 Months.
تعليق:
Axisbank heading towards 620 Levels Again to touch upper trendline. cmp 569.
Ultimate Target is 900 Rs.
Ultimate Target is 900 Rs.
تعليق:
It's awesome. 569 to 620 in 10 days.
But Question is what next?
So we are expecting some correction form 620-630 levels. Hovering around this level for a few days to start it's up lag again. A throwback to below 600 and up to 575 can be very healthy for the big up leg again.
Investors can hold on without worrying for any kind of correction. Throwback doesn't matter, it will come and so pullback.
Short term traders should wait for clear corrective and continuation patterns for entry to have the better risk-reward ratio.
But Question is what next?
So we are expecting some correction form 620-630 levels. Hovering around this level for a few days to start it's up lag again. A throwback to below 600 and up to 575 can be very healthy for the big up leg again.
Investors can hold on without worrying for any kind of correction. Throwback doesn't matter, it will come and so pullback.
Short term traders should wait for clear corrective and continuation patterns for entry to have the better risk-reward ratio.
تعليق:
Axisbank Performing very well Cmp 669. Waiting for 900.
تعليق:
Axisbank Closed yesterday at 772.
Resent up move triggered by excellent Q3 Result. Q3 profit more than doubles to Rs 1,681 crore. Asset quality improves,Gross NPA dropped to 5.75 % from 5.96 % sequentially.
Resent up move triggered by excellent Q3 Result. Q3 profit more than doubles to Rs 1,681 crore. Asset quality improves,Gross NPA dropped to 5.75 % from 5.96 % sequentially.
تعليق:
*Typo in above Comment of Feb 1, Axisbank closed at 722.
It's been a Super Rally in Axisbank as expected. Now It's 777 Form 516. Almost 50% up and target of 900 yet to come.
Investors can hold on without worrying for any kind of correction. Throwback doesn't matter, it will come and so pullback. As commented on 10 Aug, 2018 when Axisbank was at 620.
For Traders look for pullback to buy.
It's been a Super Rally in Axisbank as expected. Now It's 777 Form 516. Almost 50% up and target of 900 yet to come.
Investors can hold on without worrying for any kind of correction. Throwback doesn't matter, it will come and so pullback. As commented on 10 Aug, 2018 when Axisbank was at 620.
For Traders look for pullback to buy.
1) Axis Bank Did Gave us Entry Around 490 on 2nd April, 2018, And when up to 555,
2) Again It went Down Gave us Another Chance to Enter it again around 485 on 23rd April, 2018.
Bad Loans, Higher Npas, Other blah blah blah Gave us opportunity to Invest in Axis bank for next 18 to 24 Month.
900 Rs is What we are looking as Target.
460 Rs. Level Is a Stoploss or Reversal in Trend.
40 RS Stoploss and 400 RS a Target.
After all 1:10 Is Not a bad RR. ;)
Axis Cmp as on 25th June, 2018 is @ 516.90
Still a Good Entry Those who Wanted to invested his money in a Quality Stock