AXISBANK - Swing Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Swing Trade List📉 Swing Trade Analysis for AXISBANK
Swing Trade Rating: 3.3
⚙️ Technical Snapshot
Current Price ₹1,064 is below both DMA 50 (₹1,155) and DMA 200 (₹1,135) — confirms bearish short-term trend.
RSI (20.5): Deep oversold zone — possible technical bounce but currently weak.
MACD (-30.8): Bearish momentum — suggests continued pressure.
Volume (1.59 Cr) is above weekly avg (1.08 Cr) — increased activity, may reflect selling pressure or bottom-fishing.
🔎 Inference: Technically, signs of weakness dominate. However, such oversold levels may attract short-term rebound interest from swing traders.
📚 Fundamental Overview
P/E (11.8) vs. Industry PE (12.6) — fair valuation.
EPS ₹90 and Book Value ₹604 — solid financial base.
ROE (16.3%) is good; ROCE (7.11%) is relatively low.
Debt-to-Equity (7.43): Very high — typical of banking sector, though worth monitoring.
Quarterly PAT dropped from ₹7,475 Cr to ₹6,244 Cr — slight Qtr Profit Var -2.99%, not alarming but shows deceleration.
PEG Ratio (0.46): Attractive — undervalued relative to growth.
🧠 Verdict: Fundamentally stable, but currently trading in a weak technical phase. Short-term swing prospects require patience and strong entry discipline.
✅ Optimal Entry Price
Wait for price action near ₹1,040–₹1,050 with signs of reversal (volume spike or MACD crossover).
Stop-Loss: ₹1,030 — just under recent lows to control downside.
🚪 Exit Strategy (If Already Holding)
First Target: ₹1,120–₹1,130 — near resistance zone and DMA 200.
Stretch Target: ₹1,150–₹1,165 — if broader market sentiment improves.
Trail Stop-Loss: Once price hits ₹1,100, consider adjusting to ₹1,070.
💡 Closing Take
AXISBANK might not be the sharpest swing trade candidate right now due to technical weakness. But oversold levels and decent fundamentals mean it’s worth tracking for a reversal setup. Ideal for swing traders who can wait for confirmation signals before entering.
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