⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
AXISBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | AXISBANK | Market Cap | 4,07,312 Cr. | Current Price | 1,312 ₹ | High / Low | 1,385 ₹ |
| Stock P/E | 16.6 | Book Value | 634 ₹ | Dividend Yield | 0.07 % | ROCE | 6.95 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,274 ₹ | DMA 200 | 1,199 ₹ |
| Chg in FII Hold | 0.69 % | Chg in DII Hold | -0.22 % | PAT Qtr | 6,490 Cr. | PAT Prev Qtr | 5,090 Cr. |
| RSI | 60.0 | MACD | 21.4 | Volume | 31,37,491 | Avg Vol 1Wk | 1,58,46,323 |
| Low price | 978 ₹ | High price | 1,385 ₹ | PEG Ratio | 0.63 | Debt to equity | 7.52 |
| 52w Index | 82.0 % | Qtr Profit Var | 2.95 % | EPS | 79.0 ₹ | Industry PE | 15.8 |
📈 Technical Analysis
- Chart Patterns: Price is above both 50 DMA (1,274 ₹) and 200 DMA (1,199 ₹), showing strength.
- Moving Averages: Current price (1,312 ₹) is comfortably above DMAs, indicating bullish bias.
- RSI: At 60.0, leaning towards overbought territory, showing strong momentum.
- MACD: Positive (21.4), confirming bullish momentum.
- Bollinger Bands: Price is near upper band, suggesting strong buying pressure.
- Volume Trends: Current volume (31,37,491) is significantly below 1-week average (1,58,46,323), showing reduced participation despite bullish signals.
📊 Momentum & Trend
- Short-term Momentum: Bullish with RSI strong and MACD positive.
- Support Zone: 1,300 ₹ – 1,310 ₹ (near current levels).
- Resistance Zone: 1,340 ₹ – 1,350 ₹ (recent highs).
- Trend: Trending upward with bullish bias.
- Optimal Entry: Around 1,300 ₹ – 1,310 ₹ if support holds.
- Optimal Exit: Around 1,340 ₹ – 1,350 ₹ unless breakout continues.
✅ Positive
- Strong EPS (79.0 ₹) and profitability.
- Quarterly PAT growth (6,490 Cr vs 5,090 Cr).
- FII holding increased (+0.69%), showing foreign investor confidence.
- PEG ratio of 0.63, suggesting attractive valuation relative to growth.
⚠️ Limitation
- ROCE (6.95%) is modest compared to peers.
- Dividend yield is very low (0.07%).
- Debt-to-equity ratio at 7.52, indicating high leverage typical of banking sector.
📉 Company Negative News
- DII holding decreased (-0.22%), showing weaker domestic institutional support.
📈 Company Positive News
- FII holding increased (+0.69%), reflecting strong foreign investor interest.
- Quarterly profit growth of 2.95% indicates operational improvement.
🏭 Industry
- Industry PE at 15.8, slightly lower than company PE (16.6), suggesting fair valuation.
- Banking sector remains strong with consistent growth outlook.
🔎 Conclusion
- Stock is trending upward with bullish signals.
- Entry near support (1,300 ₹ – 1,310 ₹) could be favorable for short-term traders.
- Exit near resistance (1,340 ₹ – 1,350 ₹) unless breakout confirms further upside.
- Long-term investors may benefit from growth prospects, but should monitor leverage and modest ROCE.