AXISBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | AXISBANK | Market Cap | 4,05,259 Cr. | Current Price | 1,303 ₹ | High / Low | 1,418 ₹ |
| Stock P/E | 16.6 | Book Value | 657 ₹ | Dividend Yield | 0.08 % | ROCE | 6.07 % |
| ROE | 12.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,286 ₹ | DMA 200 | 1,251 ₹ |
| Chg in FII Hold | -0.54 % | Chg in DII Hold | 0.70 % | PAT Qtr | 7,071 Cr. | PAT Prev Qtr | 6,490 Cr. |
| RSI | 56.1 | MACD | -1.90 | Volume | 90,48,075 | Avg Vol 1Wk | 65,41,897 |
| Low price | 1,041 ₹ | High price | 1,418 ₹ | PEG Ratio | 0.45 | Debt to equity | 7.69 |
| 52w Index | 69.5 % | Qtr Profit Var | -0.65 % | EPS | 78.7 ₹ | Industry PE | 14.8 |
- 📈 Chart Patterns: AXISBANK is trading at 1,303 ₹, showing consolidation after testing highs of 1,418 ₹. Support lies around 1,280–1,290 ₹, resistance near 1,340–1,360 ₹. Trendlines suggest sideways consolidation with mild bullish undertone.
- 📊 Moving Averages: Price is above both 50 DMA (1,286 ₹) and 200 DMA (1,251 ₹), confirming medium-term strength.
- 📉 RSI: At 56.1, RSI is moderately bullish but not overbought.
- 📉 MACD: Slightly negative (-1.90), showing short-term weakness despite overall consolidation.
- 📊 Bollinger Bands: Price is near the mid-band, suggesting range-bound trading with potential breakout if momentum improves.
- 📊 Volume Trends: Current volume (90,48,075) is higher than weekly average (65,41,897), indicating strong participation and accumulation interest.
- 📌 Momentum Signals: Entry zone around 1,280–1,290 ₹; exit zone near 1,340–1,360 ₹.
- 🔄 Trend Status: Consolidating with bullish bias.
Positive
- EPS of 78.7 ₹ provides strong earnings base.
- Price above both 50 DMA and 200 DMA confirms technical strength.
- Volume surge supports accumulation.
- PEG ratio of 0.45 indicates undervaluation relative to growth.
Limitation
- MACD negative, signaling short-term weakness.
- ROCE (6.07%) relatively low compared to peers.
- Debt-to-equity ratio high at 7.69, raising leverage concerns.
Company Negative News
- Quarterly profit variation (-0.65%) shows earnings stagnation.
- FII holdings decreased (-0.54%), reflecting reduced foreign confidence.
Company Positive News
- PAT improved to 7,071 Cr. from 6,490 Cr., showing sequential growth.
- DII holdings increased (+0.70%), showing domestic institutional support.
Industry
- Industry P/E at 14.8 highlights sector trading at lower multiples.
- Banking sector remains resilient with steady credit growth outlook.
Conclusion
AXISBANK is consolidating with bullish bias supported by strong volume and price above key moving averages. Entry near 1,280–1,290 ₹ offers favorable positioning, with exit targets around 1,340–1,360 ₹. Fundamentals remain supportive, but high leverage and weak MACD signal caution for aggressive entries.
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