AXISBANK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | AXISBANK | Market Cap | 4,15,834 Cr. | Current Price | 1,338 ₹ | High / Low | 1,418 ₹ |
| Stock P/E | 17.0 | Book Value | 634 ₹ | Dividend Yield | 0.07 % | ROCE | 6.95 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,281 ₹ | DMA 200 | 1,203 ₹ |
| Chg in FII Hold | 0.69 % | Chg in DII Hold | -0.22 % | PAT Qtr | 6,490 Cr. | PAT Prev Qtr | 5,090 Cr. |
| RSI | 56.9 | MACD | 20.8 | Volume | 68,48,161 | Avg Vol 1Wk | 1,01,51,428 |
| Low price | 978 ₹ | High price | 1,418 ₹ | PEG Ratio | 0.64 | Debt to equity | 7.52 |
| 52w Index | 81.8 % | Qtr Profit Var | 2.95 % | EPS | 79.0 ₹ | Industry PE | 15.8 |
📊 Analysis: AXISBANK shows strong intraday potential. Current price (₹1,338) is trading above both 50 DMA (₹1,281) and 200 DMA (₹1,203), indicating bullish bias. RSI at 56.9 suggests healthy momentum without being overbought. MACD (20.8) is positive, confirming upward momentum. However, intraday volume (68,48,161) is lower than average weekly volume (1,01,51,428), which may limit sharp moves.
💹 Optimal Buy Price: ₹1,330 – ₹1,345 (near support zone).
🎯 Profit-Taking Levels: ₹1,370 – ₹1,395 (short-term resistance).
🛡️ Stop-Loss: ₹1,310 (below intraday support).
⏱️ Exit Strategy if Already Holding: Exit if price fails to sustain above ₹1,330 with weakening momentum or if RSI dips below 54 intraday. If volume strengthens with price action, partial profit booking near ₹1,380 is advisable.
Positive
- Strong quarterly PAT growth (₹6,490 Cr vs ₹5,090 Cr), showing earnings improvement.
- ROE at 16% indicates efficient shareholder returns.
- Stock trading above both 50 DMA and 200 DMA, confirming bullish technical setup.
- EPS of ₹79 supports earnings stability.
Limitation
- ROCE (6.95%) is relatively modest compared to peers.
- Dividend yield is very low (0.07%), limiting passive returns.
- Debt-to-equity ratio of 7.52 is high, reflecting leveraged balance sheet.
- Intraday volume lower than average, reducing breakout potential.
Company Negative News
- DII holdings declined (-0.22%), showing reduced domestic institutional support.
Company Positive News
- FII holdings increased (+0.69%), reflecting foreign investor confidence.
- Quarterly profit growth of 2.95% strengthens fundamentals.
Industry
- Industry P/E at 15.8 indicates sector stability, while AXISBANK trades slightly higher at 17.0.
- Banking sector remains strong with consistent demand, supporting intraday opportunities.
Conclusion
⚖️ AXISBANK is a good candidate for intraday trading today. Technicals favor a bullish bias, supported by consistent profit growth and foreign investor confidence. Best strategy is entry near ₹1,335 with tight stop-loss and profit booking around ₹1,380.