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Market Cap: ₹46,547 Crores (Indicating a large-sized company) PE Ratio: 32.34 (Slightly lower than the industry PE of 40.38, suggesting potential undervaluation) Book Value: ₹174.85 (Represents the value of each share as per company accounts) Price to Book Value (PBV): 2.22 (Indicates that the market values the company 2.22 times its book value) Solvency Ratio...

ayushishri

Equitas Bank stock (EQBNK) has seen a significant downturn from its all-time high of 116, currently trading 47% lower. Chart Analysis: Key Resistance Broken: A crucial development is the recent break of the 66 resistance level. This bullish move initially propelled the stock upwards by 7%. Support Level: Following this initial surge, the stock has experienced...

ayushishri

Axis Bank is currently trading near a crucial support level at approximately ₹1120, significantly below its all-time high of ₹1340. Recent price action within a range of around ₹1133 indicates a period of consolidation. Bearish Scenario: A decisive break below ₹1120 would be a bearish signal, potentially triggering a further decline towards ₹1080. Market...

ayushishri

"Bank Nifty, after reaching its all-time high of 54,338, has faced significant downward pressure. A low of 49,904 was recorded, marking a decline of approximately 8%. The index is currently testing a critical support level at the 200-EMA. A decisive break below this level could signal further downside potential. We will closely monitor price action and indicators...

ayushishri

"In recent days, Nifty has formed a bearish head and shoulder pattern, indicating potential downside. It has currently reached 26,277.34, which is approximately 10.50% below its previous high. The 23,500 level is a crucial support zone, coinciding with the 200-day Exponential Moving Average (EMA). Historically, Nifty has tended to bounce off this...

ayushishri

Head and shoulder pattern is forming and support for the stock is at 390.