Axis Bank: Cypher Pattern Formation and Support Zone Analysis

Axis Bank has formed a cypher pattern and is currently trading above a support zone around ₹1000, following a 30% drop from its all-time high1. As of February 6, 2025, Axis Bank's stock traded at ₹1,012.00, with a market capitalization of ₹314,265 crore1. The bank demonstrates good financial performance, as seen by a TTM EPS of ₹91.02 (+109.53% YoY) and is considered to have good to expensive valuation