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Technicals for Axis Bank Limited
By MusingTheNews
2025-05-30 20:24
Overall Technical outlook
Price Summary
On 2025-05-30, Axis Bank Limited's stock opened at 1201.4, reached 1208.8, hit a low of 1189.6, and rose -0.77% to close at 1192.2, with 9997900 shares traded. During the past 52 weeks, the highest stock price was 1317.3, and the lowest was 948.1. 43 analysts suggest that AXISBANK's future price will lie between 1159.0 and 1630.0, with an average expected price of roughly 1365.7906.
Technicals
Support and Resistance: At 1192.2, the price is supported by 1184.55 and resisted by 1223.0. This indicates that the price for Axis Bank Limited might fluctuate between these levels, with 1184.55 acting as a support and 1223.0 limiting further upward movement. Support/Resistance for AXISBANK
Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Aroon chart for Axis Bank Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Bolinger Bands chart for Axis Bank Limited
Parabolic SAR: The PSAR for AXISBANK continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for Axis Bank Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Axis Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for AXISBANK is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for Axis Bank Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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