AXISBANK - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📉 Intraday Trade Analysis for AXISBANK

Trade Rating: 2.1

AXISBANK is showing clear signs of weakness from a technical standpoint, making it a risky candidate for intraday trading today. Despite strong fundamentals and high volume, momentum indicators and price positioning warrant caution.

🧪 Technical Indicators Review

RSI (20.5): Extremely oversold—could imply an imminent bounce but also a sign of persistent weakness.

MACD (-30.8): Negative divergence with no crossover—reinforces bearish trend.

Price (₹1,064) is well below both DMA 50 (₹1,155) and DMA 200 (₹1,135) — strong downward bias.

High Volume Spike (1.58 Cr) vs avg (1.08 Cr): Suggests either panic selling or heavy institutional repositioning.

📋 Fundamental Factors

Low P/E (11.8) vs industry (12.6): Reasonably valued, but not attractive enough for momentum-based trades.

High Debt-to-Equity (7.43): Leverage risk is substantial for bank stock.

Quarterly Profit Drop (-2.99%) and reduced FII holding (-0.13%): Negative sentiment accumulation.

Strong ROE (16.3%) indicates long-term potential, but not a short-term trade catalyst.

🕹️ Intraday Strategy

✅ If planning a fresh entry today

Buy Range: ₹1,060 – ₹1,065 (only if consolidation or bounce appears)

Profit Target: ₹1,085 – ₹1,095 (below DMA 200 resistance)

Stop Loss: ₹1,050 (just below current weakness support zone)

⏳ Already holding intraday?

Exit Triggers

Price fails to hold above ₹1,070–1,075 despite rising volume

RSI drops further below 20 mid-session

MACD continues widening negative gap without flattening

Exit Window: Between 1:45–2:30 PM IST, as late-session volatility may increase downside risk without reversal confirmation.

Would you like me to suggest banking sector alternatives showing stronger bullish momentum today? Or build a quick leaderboard of high-volume breakout stocks? Let’s find the next trade that works for you 💹📊

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