AXIS BANK LTDLong
CRAB pattern-Axis Bank nearing Bottom, buy will start soon
The price is nearing the reversal point of the Fib 1.618 level. This D point will act as a strong support region. The institutional buyers are waiting for this point. If this level fails, the next support region will be at the 2.618 level. This is for educational purposes only.
Axis Bank's performance in the third quarter of FY25 was below expectations, leading to a significant drop in investor confidence. The bank reported its slowest growth in advances and deposits in nearly four years, with a 3.6% slippage ratio indicating increased loan defaults, particularly in agricultural and unsecured lending sectors.
Analyst Ratings and Target Prices
several brokerages revised their target prices for Axis Bank:
MOFSL lowered its target to ₹1,175, citing limited downside risk despite near-term challenges.
Nuvama adjusted its target from ₹1,335 to ₹1,220, noting a below-consensus EPS outlook.
Arihant Capital Markets remains optimistic with a target price of ₹1,383, highlighting Axis Bank's long-term potential despite current headwinds.
Axis Bank's performance in the third quarter of FY25 was below expectations, leading to a significant drop in investor confidence. The bank reported its slowest growth in advances and deposits in nearly four years, with a 3.6% slippage ratio indicating increased loan defaults, particularly in agricultural and unsecured lending sectors.
Analyst Ratings and Target Prices
several brokerages revised their target prices for Axis Bank:
MOFSL lowered its target to ₹1,175, citing limited downside risk despite near-term challenges.
Nuvama adjusted its target from ₹1,335 to ₹1,220, noting a below-consensus EPS outlook.
Arihant Capital Markets remains optimistic with a target price of ₹1,383, highlighting Axis Bank's long-term potential despite current headwinds.
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