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Technicals for Axis Bank Limited
By MusingTheNews
2025-08-13 20:24
Overall Technical outlook
Price Summary
On 2025-08-13, Axis Bank Limited's stock began at 1071.1, climbed to 1072.8, dropped to 1063.2, and had -0.48% to end at 1066.0, with a volume of 4966640 shares. The stock reached its highest price of 1277.1 and its lowest price of 948.1 during the 52-week period. Analysts expect the price of AXISBANK to vary between 1180.0 and 1691.0, with an average expected price near 1342.5814.
Technicals
Support and Resistance: The current price of 1066.0 is supported at 1015.55, with resistance at 1068.95. This suggests that the price for AXISBANK might remain between these levels, where 1015.55 acts as a floor and 1068.95 as a ceiling in the market. Support/Resistance for AXISBANK
Aroon: The AROON is currently in a neutral position for Axis Bank Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. 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 maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher. Parabolic Stop and Reverse chart for Axis Bank Limited
Stochastic: The current reading of the STOCHASTIC indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Stochastic chart for Axis Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages shows a bullish trend, but the declining slopes of the 20 and 50 SMAs suggest that this trend may be weakening. This loss of momentum could be a sign that the market is nearing a reversal, with the possibility of a bearish shift in price action becoming more likely in the near future. Tripple SMA chart for Axis Bank Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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