AXISBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | AXISBANK | Market Cap | 3,89,009 Cr. | Current Price | 1,253 ₹ | High / Low | 1,418 ₹ |
| Stock P/E | 15.9 | Book Value | 634 ₹ | Dividend Yield | 0.08 % | ROCE | 6.95 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,305 ₹ | DMA 200 | 1,234 ₹ |
| Chg in FII Hold | 0.69 % | Chg in DII Hold | -0.22 % | PAT Qtr | 6,490 Cr. | PAT Prev Qtr | 5,090 Cr. |
| RSI | 40.7 | MACD | -29.6 | Volume | 63,32,155 | Avg Vol 1Wk | 82,71,383 |
| Low price | 1,032 ₹ | High price | 1,418 ₹ | PEG Ratio | 0.60 | Debt to equity | 7.52 |
| 52w Index | 57.1 % | Qtr Profit Var | 2.95 % | EPS | 79.0 ₹ | Industry PE | 14.8 |
📈 Chart & Trend Analysis: AXISBANK is trading below its 50 DMA (1,305 ₹) but slightly above its 200 DMA (1,234 ₹), with the current price at 1,253 ₹. This indicates mild bearish bias in the short term, though long-term support remains intact.
📊 Momentum Indicators: RSI at 40.7 shows weak momentum, leaning towards oversold territory. MACD at -29.6 confirms bearish crossover, signaling short-term weakness.
📉 Bollinger Bands & Volume: Price is near the lower band, suggesting potential support but also weakness. Current volume (63,32,155) is below weekly average (82,71,383), showing reduced participation and lack of strong buying interest.
🔑 Support & Resistance Zones:
- Support: 1,234 ₹ (200 DMA), 1,032 ₹ (major low)
- Resistance: 1,305 ₹ (50 DMA), 1,350–1,370 ₹ (trendline resistance), 1,418 ₹ (52-week high)
Optimal Entry: 1,230–1,250 ₹ (near support)
Optimal Exit: 1,305–1,350 ₹ (resistance zone)
📌 Trend Status: The stock is consolidating with bearish bias, showing weak momentum and indecision around moving averages.
Positive
- EPS of 79.0 ₹ supports valuation strength.
- Quarterly PAT improved to 6,490 Cr. from 5,090 Cr., showing earnings growth.
- FII holding increased (+0.69%), reflecting foreign investor confidence.
Limitation
- ROCE (6.95%) is modest compared to peers, limiting efficiency.
- High debt-to-equity ratio (7.52) indicates leveraged balance sheet.
- RSI and MACD both show weak momentum, signaling short-term pressure.
Company Negative News
- DII holding decreased (-0.22%), showing reduced domestic institutional support.
- Stock trading below 50 DMA, reflecting short-term weakness.
Company Positive News
- Quarterly profit variation (+2.95%) indicates earnings stability.
- Strong EPS and consistent profitability support long-term valuation.
Industry
- Industry PE at 14.8 is slightly lower than AXISBANK’s PE (15.9), suggesting fair valuation relative to peers.
- Banking sector outlook remains stable with credit growth and rising retail demand.
Conclusion
⚖️ AXISBANK is consolidating with bearish bias, trading below its 50 DMA but above its 200 DMA. Fundamentals show stable earnings and strong EPS, but modest ROCE and high leverage limit upside. Traders may consider entry near 1,230–1,250 ₹ with exits around 1,305–1,350 ₹. Momentum confirmation is needed before aggressive positioning, as short-term signals remain weak.
Would you like me to extend this into a peer benchmarking overlay comparing AXISBANK against other private banks (valuation, ROE/ROCE, momentum) so you can see relative strength before deciding entry?