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Technicals for Axis Bank Limited
By MusingTheNews
2025-06-13 20:24
Overall Technical outlook
Price Summary
On 2025-06-12, AXISBANK's stock opened at 1231.0, reached a peak of 1237.1, dropped to 1210.8, and ended -1.47% lower at 1212.9, with a volume of 3460714 shares. During the 52-week span, the stock hit a high of 1317.3 and a low of 948.1. Analysts predict that the future price will fluctuate between 1159.0 and 1630.0, with the mean expected price being approximately 1365.7906.
Technicals
Support and Resistance: At 1212.9, the price is supported by 1188.5 and resisted by 1223.0. This indicates that the price for Axis Bank Limited might fluctuate between these levels, with 1188.5 acting as a support and 1223.0 limiting further upward movement. Support/Resistance for AXISBANK
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for Axis Bank Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral for AXISBANK, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for Axis Bank Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, setting a crucial support level. This strong support could bolster the ongoing upward trend, suggesting that the market may remain in a positive trajectory. Investors may view this as a sign of sustained bullish momentum. Parabolic Stop and Reverse chart for Axis Bank Limited
Stochastic: The K-line has moved below the D-line on the stochastic indicator, yet it remains above 80, signaling the potential beginning of a bearish price move for AXISBANK. This pattern may indicate that the market's upward momentum is starting to wane, possibly leading to a downturn. Investors should watch for further confirmation. Stochastic chart for Axis Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the weakening slopes of the 20 and 50 SMAs hint at a potential shift. This wavering could indicate that the bearish momentum is slowing down, possibly leading to a reversal towards bullish price action. Investors should watch for signs of a trend change as the market might be gearing up for a new upward move. Tripple SMA chart for Axis Bank Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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