To determine the support and resistance levels for Axis Bank (AXISBANK), we analyze recent price action, key technical indicators, and historical price levels. Here’s an assessment based on the data:
Support Levels ₹1,058-₹1,060: This range represents the recent intraday low and a critical level where buyers have previously shown interest. ₹1,040-₹1,045: A strong support level observed from prior consolidation zones. ₹995-₹1,000: The 52-week low, acting as a major support zone. Resistance Levels ₹1,070-₹1,075: A near-term resistance where selling pressure has been observed during intraday trades. ₹1,100-₹1,105: A psychological barrier and previous short-term peak. ₹1,125-₹1,130: A critical resistance level seen in past price movements. ₹1,339-₹1,340: The 52-week high and a long-term resistance point. These levels are dynamic and may shift with new market data or significant trading volumes. If you'd like detailed technical charts or indicators for a precise breakdown, let me know!
Immediate Resistance: ₹1,081.85 Short-Term Resistance: ₹1,084.00 Medium-Term Resistance: ₹1,090.00 Long-Term Resistance: ₹1,094.00 These levels are derived from recent market data and technical analysis.
Traders and investors should monitor these levels closely, as they can provide insights into potential entry and exit points. However, market conditions can change rapidly, so it's advisable to conduct further analysis or consult with a financial advisor before making investment decisions.
As of December 28, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,077.85, reflecting a slight increase of 0.09% from the previous close. Here are the identified support and resistance levels:
Daily Support and Resistance Levels Support Levels: S1: ₹1,071.60 S2: ₹1,068.73 S3: ₹1,060.83 Resistance Levels: R1: ₹1,081.85 R2: ₹1,084.65 R3: ₹1,100.53 Weekly Support and Resistance Levels Support Levels: S1: ₹1,069.00 S2: ₹1,061.00 S3: ₹1,049.00 Resistance Levels: R1: ₹1,089.00 R2: ₹1,101.00 R3: ₹1,108.00 Technical Indicators Relative Strength Index (RSI): 27 (indicating potential oversold conditions) Moving Averages: 5-Day Average: Not available 20-Day Average: Not available 50-Day Average: Not available These support and resistance levels, along with technical indicators, provide a framework for assessing potential price movements. Use these insights in conjunction with broader market analysis and risk management strategies.
AXISBANK As of December 26, 2024, Axis Bank Limited (AXISBANK) is trading at ₹1,078.90. For intraday trading, the following support and resistance levels have been identified:
R1: ₹1,083.77 R2: ₹1,088.63 R3: ₹1,092.52 TOP STOCK RESEARCH
These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
AXISBANK Ltd view for Intraday 13th Dec Resistance 1150 Watching above 1155 for upside movement... Support area 1100 Below 1150 ignoring upside momentum for\y Support 1170 Watching below 1200 or downside movement... Resistance area 1250 Above 1100 ignoring downside move for intraday Charts for Educational
Axis Bank Ltd view for Intraday 28th September #AXISBANK Buying may witness above 1282 Support area 1260. Below ignoring buying momentum for intraday Selling may witness below 1260 Resistance area 1280 Above ignoring selling momentum for intraday Charts for Educational purposes only. Please follow strict stop loss and risk