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Technicals for Axis Bank Limited
By MusingTheNews
2025-10-17 20:24
Overall Technical outlook
Price Summary
On 2025-10-16, Axis Bank Limited's stock opened at 1216.4, peaked at 1216.9, hit a low of 1185.3, and closed -1.65% lower at 1196.3, with 17746654 shares changing hands. The stock's highest price over the 52-week span is 1233.5, while the lowest price is 948.1. According to 41 analysts, the price of AXISBANK in the future is projected to be between 1180.0 and 1480.0, with an average expected price of 1333.7561.
Technicals
Support and Resistance: The price is currently at 1196.3, supported by 1188.5 and resisted by 1215.2. This indicates a range where 1188.5 may provide a base for the price, while 1215.2 serves as a cap on further upward movement for AXISBANK. Support/Resistance for AXISBANK
Aroon: AROON is pointing to a bullish trend, with the Aroon Up increasing and the Aroon Oscillator remaining high. This combination suggests that the upward price trend is likely to continue, with the market expected to maintain its bullish momentum. The high reading of the Aroon Oscillator indicates ongoing strength in the trend. Aroon chart for Axis Bank Limited
Bol. Bands: The price crossing below the upper Bollinger Band signals a potential bearish reversal. This movement may indicate that the asset's recent bullish trend is weakening, and a decline could follow. Traders often interpret this as a sign that the market is overbought, suggesting that a correction or pullback is likely, making it a crucial time to consider adjusting trading positions. Bolinger Bands chart for Axis Bank Limited
Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong. Parabolic Stop and Reverse chart for Axis Bank Limited
Stochastic: The STOCHASTIC 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. Stochastic chart for Axis Bank Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for Axis Bank Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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