AXISBANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

📈 AXISBANK is currently trending upward with bullish momentum indicators. Price action above key moving averages and positive MACD signal suggest strength, though volume is slightly below average.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (60.8): Bullish zone — strong momentum, not yet overbought
• MACD (28.4): Positive crossover — confirms bullish trend
• Volume: Slightly below 1-week average — moderate participation
• DMA 50 & 200: Price above both — confirms uptrend
• Bollinger Bands: Price near upper band — momentum strong, watch for resistance

Sources

The Economic Times

+3

🎯 Entry & Exit Zones

• Support Levels: ₹1,200, ₹1,170, ₹1,137
• Resistance Levels: ₹1,250, ₹1,276, ₹1,300
• Optimal Entry: ₹1,200–₹1,215 (on minor pullback)
• Exit Target: ₹1,270–₹1,300 (short-term resistance)

✅ Positive

• Strong ROE (16.0%) — efficient shareholder returns
• EPS of ₹78.5 — solid earnings profile
• Price above key moving averages — confirms bullish momentum
• PEG ratio (0.59) — attractive valuation relative to growth

⚠️ Limitation

• Volume slightly below average — moderate conviction
• Quarterly PAT declined from ₹5,806 Cr to ₹5,090 Cr
• High debt-to-equity ratio (7.39) — leverage risk
• Low dividend yield (0.08%)

📉 Company Negative News

• Profit dropped 26.4% QoQ — earnings volatility
• FII holding declined by 1.92% — sentiment softening

📈 Company Positive News

• Stock returned 16.04% over past 3 months

  The Economic Times

• Strong technical signals — MACD and RSI both bullish

  Investing.com India

  +1

🏭 Industry

• Sector: Banking
• Industry P/E: 14.5 vs AXISBANK’s P/E: 15.7 — slightly above average
• Stable sector outlook with digital transformation tailwinds

🧾 Conclusion

• AXISBANK is in a bullish trend with strong technical indicators
• Entry near ₹1,200–₹1,215 with targets at ₹1,270–₹1,300
• Monitor volume and resistance zones for breakout confirmation
• Long-term outlook remains positive despite recent profit dip