AXISBANK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of AXISBANK

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, with price action above key moving averages and strong momentum indicators.

📈 Moving Averages

DMA 50: ₹1,097

DMA 200: ₹1,117

Current Price: ₹1,133

🔹 Price is above both 50-DMA and 200-DMA, confirming a bullish trend. The crossover of the 50-DMA above the 200-DMA would further strengthen the uptrend.

📉 Momentum Indicators

RSI (14-day): 71.7 — Overbought zone, signaling caution for short-term traders.

MACD: +9.29 — Bullish crossover, indicating continued upward momentum.

Volume: 58.2 lakh vs 1-week avg of 59.9 lakh — Slightly below average, but still healthy.

📊 Bollinger Bands

Price is near the upper band, suggesting strong momentum but also a potential short-term pullback or pause.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,117 200-DMA, strong technical support

Support 2 1,097 50-DMA, secondary support

Resistance 1 1,150 Minor resistance zone

Resistance 2 1,200 Psychological level

Resistance 3 1,282 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry: ₹1,115–₹1,125 range on pullback with volume confirmation.

Exit Zone: ₹1,200–₹1,250 for short-term traders; ₹1,280+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI overbought, and price above key averages suggest strong momentum.

However, RSI above 70 may indicate a short-term pause or minor correction before resuming trend.

🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside, RSI signals caution

Technical Rating: 4.1 — Positive setup with short-term overbought risk

Sources: Axis Bank Liveblog

1

, Axis Securities Technical Report

2

Would you like a comparison with ICICI Bank or HDFC Bank to spot sector rotation trends?

1

economictimes.indiatimes.com

2

investmentguruindia.com

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