AXISBANK - Technical Analysis

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

📊 Technical Analysis Summary for AXISBANK (Axis Bank Ltd.)

Technical Rating: 2.4

Axis Bank is currently in a reversal phase, showing signs of short-term weakness and oversold conditions. The stock is trading well below key moving averages, and momentum indicators are flashing bearish signals.

📉 Trend Status

Trend: Reversing from recent highs; short-term bearish

Chart Patterns: Breakdown from rising wedge and lower highs formation

Price Action: Trading below both 50 DMA (₹1,155) and 200 DMA (₹1,135), confirming bearish sentiment

📈 Momentum Indicators

RSI (20.5): Deeply oversold, suggesting potential for a technical bounce

MACD (-30.8): Strongly negative, confirming downward momentum

Volume: High volume (1.58 Cr.) vs 1-week average (1.08 Cr.) indicates strong selling pressure

📊 Moving Averages

Indicator Value Signal

50 DMA ₹1,155 Price below – bearish

200 DMA ₹1,135 Price below – bearish

EMA (short-term) ~₹1,090 Price below – confirms weakness

📉 Bollinger Bands

Price near lower band, indicating oversold conditions

Band width expanding, suggesting volatility spike

🔍 Support & Resistance Zones

Level Price (₹)

Support 1 1,048

Support 2 1,020

Resistance 1 1,090

Resistance 2 1,135

Resistance 3 1,155

🎯 Entry & Exit Zones

Optimal Entry: ₹1,045–₹1,065 (oversold zone near support)

Exit Zone: ₹1,130–₹1,155 (approaching resistance and trendline)

🧭 Conclusion

AXISBANK is currently reversing with bearish momentum. While RSI suggests oversold conditions, confirmation of reversal is needed before initiating long positions. Traders may consider buying near support for a short-term bounce, but long-term investors should wait for a move above ₹1,135 with volume confirmation.

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