Axis Bank - Tough times aheadRecently stock managed to breach the yearly low of around 994 and went downhill upto 933
We saw some buying from the same areas as it had monthly n weekly demand zones
With that stock managed to pull itself back to 1k+ levels
But it seems struggling days are not yet over for axis
As we can clearly see, stock has got multiple and strong resistance point on daily time frame
1st starts immediately as a gap resistance zone between 1015 to 1030
2nd area at 1035 to 45
3rd at 1050 to 60
4th at 1085 to 95
5th from 1105 to 1120
Stock may or will try to reverse from these points in coming days
Alerts can be set accordingly
Lower TF confirmation is a must before entering
R:R on each level is excellent
Trade accordingly and cautiously
UZC trade ideas
Axis Bank Outlook For SwingHello friends hope you all are doing well and trading well, so let's talk about the weekly chart of Axis Bank today which is not a trading idea but if you want to take a trade in it then maybe you can get some help from the view I am sharing.
So first of all I would like to tell you that in the last working day we saw a big fall in the share price due to the quarterly results presented by the company but if we talk about the technical setup here then as you can see that the price has almost come to the demand zone so in such a situation we can expect a bounce from here and for this we all should follow our respective time frames and our respective setups. I have also plotted Fibonacci retracement and 200 day moving average on this chart which is an important level supporting the support zone, both are free indicators provided by Tradingview you can use in your trades too.
If there is confirmation of bounce on any setup then we can keep a target of 10 to 15 percent for this bounce and can also set our stop loss accordingly. So I will share my trade active target and stop loss in the next update.
Best Regards- Amit.
Axis Bank : Swing Trade Pick#axisbank #swingtrade #momentumtrade #trendingstock
Axis Bank : Swing Trade
>> Low PE Stock
>> Banking Sector Theme, most likely to perform
>> Trending stock
>> Low Risk Trade
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings.
Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you se and most importantly don't go all in
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
AxisbankI see this stock on very strong support zone on Daily time frame where we can see a big bounce in coming days and even marked resistance trendline which gives you an edge for entry and levels are marked on chart just a view not a Reco... even the correction very steep so expecting same wise rally. may be wrong too better enter in cash or options of FEb. Note: we do have an event of Feb02 Budget.
Axis Bank On Daily Time Frame Bullish ViewAxis Bank Limited, established in 1993 as UTI Bank and rebranded in 2007, is India's third-largest private sector bank. Headquartered in Mumbai, Maharashtra, the bank offers a comprehensive range of financial services to diverse customer segments, including large and mid-sized corporates, small and medium-sized enterprises (SMEs), agriculture, and retail businesses. ( (www.axisbank.com))
**Key Financial Highlights:**
- **Revenue:** As of the fiscal year ending March 31, 2024, Axis Bank reported significant revenue growth, reflecting its strong market position.
- **Net Income:** The bank's net income for the same period demonstrated robust profitability, underscoring its effective financial strategies.
- **Total Assets:** Axis Bank's total assets have seen substantial growth, reinforcing its status as a leading financial institution in India.
**Branch Network and International Presence:**
As of September 2024, Axis Bank operates a vast network of 5,577 branches and extension counters, along with 16,026 ATMs and cash recyclers across India. The bank also has a significant international presence, with branches in Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, and Colombo, as well as representative offices in Dhaka, Dubai, Sharjah, and Abu Dhabi. Additionally, Axis Bank has a wholly-owned subsidiary in the United Kingdom, Axis Bank UK Limited. ( (en.wikipedia.org))
**Services Offered:**
- **Retail Banking:** Axis Bank provides a wide array of services, including savings and current accounts, fixed deposits, loans (home, personal, auto), credit and debit cards, and digital banking solutions.
- **Corporate Banking:** The bank offers services such as corporate loans, trade finance, treasury services, and cash management solutions to large and mid-sized corporates.
- **SME Banking:** Customized financial products and services are available to meet the unique needs of small and medium-sized enterprises.
- **Agricultural Banking:** Axis Bank supports the agricultural sector with specialized products like Kisan Credit Cards, agricultural loans, and investment advisory services.
**Leadership:**
- **Chairman:** Shri Rakesh Makhija
- **Managing Director & CEO:** Amitabh Chaudhry
Under their leadership, Axis Bank has continued to strengthen its position in the banking sector. ( (en.wikipedia.org))
**Awards and Recognitions:**
Axis Bank has received numerous accolades, including:
- 'Bank of the Year in India' by The Banker Magazine, Financial Times
- 'Most Trusted Private Sector Bank' in the 'Most Trusted Brand Survey' conducted by Brand Equity, Economic Times
- 'Best Domestic Bank in India' by Asiamoney Best Banks
These awards highlight the bank's commitment to excellence in financial services. ( (www.axisbank.com))
With a strong legacy and a comprehensive suite of services, Axis Bank continues to play a pivotal role in India's banking industry, catering to the diverse financial needs of its customers.
Axis Bank & HDFC Mein Same Circumstance Watch Carefully ! Axis Bank Limited, established in 1993 as UTI Bank and rebranded in 2007, is India's third-largest private sector bank. Headquartered in Mumbai, Maharashtra, the bank offers a comprehensive range of financial services to diverse customer segments, including large and mid-sized corporates, small and medium-sized enterprises (SMEs), agriculture, and retail businesses. ( (www.axisbank.com))
**Key Financial Highlights:**
- **Revenue:** As of the fiscal year ending March 31, 2024, Axis Bank reported significant revenue growth, reflecting its strong market position.
- **Net Income:** The bank's net income for the same period demonstrated robust profitability, underscoring its effective financial strategies.
- **Total Assets:** Axis Bank's total assets have seen substantial growth, reinforcing its status as a leading financial institution in India.
**Branch Network and International Presence:**
As of September 2024, Axis Bank operates a vast network of 5,577 branches and extension counters, along with 16,026 ATMs and cash recyclers across India. The bank also has a significant international presence, with branches in Singapore, Hong Kong, Dubai (at the DIFC), Shanghai, and Colombo, as well as representative offices in Dhaka, Dubai, Sharjah, and Abu Dhabi. Additionally, Axis Bank has a wholly-owned subsidiary in the United Kingdom, Axis Bank UK Limited. ( (en.wikipedia.org))
**Services Offered:**
- **Retail Banking:** Axis Bank provides a wide array of services, including savings and current accounts, fixed deposits, loans (home, personal, auto), credit and debit cards, and digital banking solutions.
- **Corporate Banking:** The bank offers services such as corporate loans, trade finance, treasury services, and cash management solutions to large and mid-sized corporates.
- **SME Banking:** Customized financial products and services are available to meet the unique needs of small and medium-sized enterprises.
- **Agricultural Banking:** Axis Bank supports the agricultural sector with specialized products like Kisan Credit Cards, agricultural loans, and investment advisory services.
**Leadership:**
- **Chairman:** Shri Rakesh Makhija
- **Managing Director & CEO:** Amitabh Chaudhry
Under their leadership, Axis Bank has continued to strengthen its position in the banking sector. ( (en.wikipedia.org))
**Awards and Recognitions:**
Axis Bank has received numerous accolades, including:
- 'Bank of the Year in India' by The Banker Magazine, Financial Times
- 'Most Trusted Private Sector Bank' in the 'Most Trusted Brand Survey' conducted by Brand Equity, Economic Times
- 'Best Domestic Bank in India' by Asiamoney Best Banks
These awards highlight the bank's commitment to excellence in financial services. ( (www.axisbank.com))
With a strong legacy and a comprehensive suite of services, Axis Bank continues to play a pivotal role in India's banking industry, catering to the diverse financial needs of its customers.
Axis Bank Downward Trend is not overAxis Bank has formed a flat correction ABC, currently we are in the last leg of the correction, where wave C is a triangle. we still have wave Z of the triangle to be complete, which I believe will be around 1000 little less.
Once the triangle is over we will get a very sharp and big move in upward direction the reward which you will remember for the months to come.
PS: Someone please remind me around 4th or 5th of Feb about Axis Bank. Let us all benefit from the upcoming trend once the triangle is completed.
Disclaimer: This is for educational purpose only. I am not SEBI registered Member.
Axis Bank Time to Buy at Demand Zone**Axis Bank** is one of the largest private sector banks in India, known for its wide range of financial services. Here’s a brief profile:
- **Founded**: 1993
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**: Amitabh Chaudhry (as of 2025)
- **Branches and ATMs**: Over 4,600 branches and 11,000+ ATMs across India
- **Services**: Retail banking, corporate banking, investment banking, asset management, insurance, loans, and credit cards
- **Key Subsidiaries**:
- Axis Mutual Fund
- Axis Capital Ltd.
- Axis Securities Ltd.
- Axis Finance Ltd.
- **Market Position**: Among the top private sector banks in India with a strong customer base and a significant presence in both urban and rural areas.
Axis Bank is recognized for its innovative banking solutions, digital services, and customer-centric approach. It has consistently been involved in various community and social responsibility initiatives.
This Is the Right to Invest In Axis Bank Axis Bank, established in 1993 and commencing operations in 1994, is India's third-largest private sector bank. It offers a comprehensive range of financial services to diverse customer segments, including large and mid-size corporates, MSMEs, agriculture, and retail businesses.
**Key Services:**
- **Retail Banking:** Provides lending services to individuals and small businesses, along with liability products, card services, internet banking, ATMs, depository services, financial advisory, and NRI services.
- **Corporate Banking:** Offers products and services related to transaction banking, including current accounts, cash management, capital market services, trade, foreign exchange, derivatives, cross-border trade, and correspondent banking services.
- **International Banking:** Focuses on corporate lending, trade finance, syndication, investment banking, and liability businesses through its international branches and representative offices.
**Branch Network:**
As of 31st March 2024, Axis Bank's extensive distribution network includes:
- 5,377 domestic branches and extension counters across 2,963 centers.
- 16,026 ATMs and cash recyclers nationwide.
- Six Axis Virtual Centres with over 1,590 Virtual Relationship Managers.
- International presence with branches in Singapore, Dubai (DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah; and an overseas subsidiary in London, UK.
**Financial Highlights:**
As of 31st March 2024, the bank's balance sheet size stood at ₹14,77,209 crores, reflecting consistent growth with a 5-year compound annual growth rate (CAGR) of 13% in total assets and 15% each in advances and deposits.
**Leadership:**
- **Managing Director & CEO:** Amitabh Chaudhry
- **Deputy Managing Director:** Rajiv Anand
- **Executive Directors:** Subrat Mohanty and Munish Sharda
- **Chief Financial Officer:** Puneet Sharma
**Innovations and Achievements:**
Axis Bank has pioneered several technological advancements, including:
- Introducing 'open by Axis Bank,' a digital banking proposition offering approximately 250 features through a user-friendly interface.
- Launching the 'One-View' feature on its mobile app, enabling customers to manage finances across various banks seamlessly.
- Being the first bank to implement UPI interoperability on its CBDC App.
- Introducing digital US dollar fixed deposits for NRI customers at the IFSC Banking Unit in GIFT City, Gujarat.
- Launching "NEO for Business," a comprehensive digital proposition catering to the new-age banking needs of MSMEs.
- Adopting Generative AI by rolling out Microsoft Copilot across select user bases and a GenAI-based chatbot for approximately 60,000 users across branches, enhancing customer service efficiency and personalized banking experiences.
**Awards and Recognition:**
Axis Bank has received numerous accolades, including:
- Best Bank in India Award at the FT Bank of the Year 2024 Awards.
- IBSi Global Fintech Innovation Awards 2024 for Most Innovative use of AI/ML, Best Digital Channel/Platform Implementation, and Most Innovative Digital Onboarding rollout.
- FE India's Best Bank Awards 2024 for Best Digital Bank category.
- IDC India Future Enterprise Awards for Best in Future of Trust.
- Derivatives House of the Year (India) at the Asia Risk Awards 2024.
- ICC Emerging Asia Banking Awards 2024 for Best Bank in India (Private Sector - Large) and Best Private Bank (Large) in various performance categories.
- The Asset Triple A Sustainable Infrastructure Awards 2024 for Renewable Energy Deal of the Year (Wind).
- CNBC-TV18 India Risk Management Awards (Season 10).
- Recognition as the Best Firm for Data Scientists to Work For in 2024.
- Best Wholesale/Transaction Bank at Digital CX Awards for its Neo API suite.
- Greenwich Share Leaders for Indian Large Corporate Banking and Middle Market Banking (Local Banks) & Greenwich Excellence Award in Indian Middle Market Banking.
- Infosys Finacle Innovation Award in multiple categories.
- India's Best for Next-Gen in the Euromoney Global Private Banking Awards.
- Recognition as the Best BFSI Brands at ET Now Best BFSI Brands Conclave 2024.
- The Asset Triple A Sustainable Finance Awards 2024 in multiple categories.
- Asia Pacific Loan Market Association (APLMA) Award for Syndicated Loan House of the Year (India).
- Recognition in the highest leadership category of the Indian Corporate Governance Scorecard of the Institutional Investor Advisory Services (IiAS).
- ETCIO Award for Enterprise IT Excellence for Business Resilience Impact of Technology category (Customer Risk Categorization).
- PFRDA recognition for being a Star Performer (Category 1) for achieving 110% targets under the NPS Game Changers Campaign.
- Global Private Banker WealthTech Awards 2024 in multiple categories.
- BW
Axis Bank Is That Right Time to Buy or Avoid Axis Bank, established in 1993 and commencing operations in 1994, is India's third-largest private sector bank. It offers a comprehensive range of financial services to diverse customer segments, including large and mid-size corporates, MSMEs, agriculture, and retail businesses.
**Key Services:**
- **Retail Banking:** Provides lending services to individuals and small businesses, along with liability products, card services, internet banking, ATMs, depository services, financial advisory, and NRI services.
- **Corporate Banking:** Offers products and services related to transaction banking, including current accounts, cash management, capital market services, trade, foreign exchange, derivatives, cross-border trade, and correspondent banking services.
- **International Banking:** Focuses on corporate lending, trade finance, syndication, investment banking, and liability businesses through its international branches and representative offices.
**Branch Network:**
As of 31st March 2024, Axis Bank's extensive distribution network includes:
- 5,377 domestic branches and extension counters across 2,963 centers.
- 16,026 ATMs and cash recyclers nationwide.
- Six Axis Virtual Centres with over 1,590 Virtual Relationship Managers.
- International presence with branches in Singapore, Dubai (DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah; and an overseas subsidiary in London, UK.
**Financial Highlights:**
As of 31st March 2024, the bank's balance sheet size stood at ₹14,77,209 crores, reflecting consistent growth with a 5-year compound annual growth rate (CAGR) of 13% in total assets and 15% each in advances and deposits.
**Leadership:**
- **Managing Director & CEO:** Amitabh Chaudhry
- **Deputy Managing Director:** Rajiv Anand
- **Executive Directors:** Subrat Mohanty and Munish Sharda
- **Chief Financial Officer:** Puneet Sharma
**Innovations and Achievements:**
Axis Bank has pioneered several technological advancements, including:
- Introducing 'open by Axis Bank,' a digital banking proposition offering approximately 250 features through a user-friendly interface.
- Launching the 'One-View' feature on its mobile app, enabling customers to manage finances across various banks seamlessly.
- Being the first bank to implement UPI interoperability on its CBDC App.
- Introducing digital US dollar fixed deposits for NRI customers at the IFSC Banking Unit in GIFT City, Gujarat.
- Launching "NEO for Business," a comprehensive digital proposition catering to the new-age banking needs of MSMEs.
- Adopting Generative AI by rolling out Microsoft Copilot across select user bases and a GenAI-based chatbot for approximately 60,000 users across branches, enhancing customer service efficiency and personalized banking experiences.
**Awards and Recognition:**
Axis Bank has received numerous accolades, including:
- Best Bank in India Award at the FT Bank of the Year 2024 Awards.
- IBSi Global Fintech Innovation Awards 2024 for Most Innovative use of AI/ML, Best Digital Channel/Platform Implementation, and Most Innovative Digital Onboarding rollout.
- FE India's Best Bank Awards 2024 for Best Digital Bank category.
- IDC India Future Enterprise Awards for Best in Future of Trust.
- Derivatives House of the Year (India) at the Asia Risk Awards 2024.
- ICC Emerging Asia Banking Awards 2024 for Best Bank in India (Private Sector - Large) and Best Private Bank (Large) in various performance categories.
- The Asset Triple A Sustainable Infrastructure Awards 2024 for Renewable Energy Deal of the Year (Wind).
- CNBC-TV18 India Risk Management Awards (Season 10).
- Recognition as the Best Firm for Data Scientists to Work For in 2024.
- Best Wholesale/Transaction Bank at Digital CX Awards for its Neo API suite.
- Greenwich Share Leaders for Indian Large Corporate Banking and Middle Market Banking (Local Banks) & Greenwich Excellence Award in Indian Middle Market Banking.
- Infosys Finacle Innovation Award in multiple categories.
- India's Best for Next-Gen in the Euromoney Global Private Banking Awards.
- Recognition as the Best BFSI Brands at ET Now Best BFSI Brands Conclave 2024.
- The Asset Triple A Sustainable Finance Awards 2024 in multiple categories.
- Asia Pacific Loan Market Association (APLMA) Award for Syndicated Loan House of the Year (India).
- Recognition in the highest leadership category of the Indian Corporate Governance Scorecard of the Institutional Investor Advisory Services (IiAS).
- ETCIO Award for Enterprise IT Excellence for Business Resilience Impact of Technology category (Customer Risk Categorization).
- PFRDA recognition for being a Star Performer (Category 1) for achieving 110% targets under the NPS Game Changers Campaign.
- Global Private Banker WealthTech Awards 2024 in multiple categories.
- BW
Axis Bank Charts For Long Term Investment Buy At Low Volume Area
According to Volume Profile Strategy
**Axis Bank** is one of the largest private sector banks in India, known for its wide range of financial services. Here’s a brief profile:
- **Founded**: 1993
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**: Amitabh Chaudhry (as of 2025)
- **Branches and ATMs**: Over 4,600 branches and 11,000+ ATMs across India
- **Services**: Retail banking, corporate banking, investment banking, asset management, insurance, loans, and credit cards
- **Key Subsidiaries**:
- Axis Mutual Fund
- Axis Capital Ltd.
- Axis Securities Ltd.
- Axis Finance Ltd.
- **Market Position**: Among the top private sector banks in India with a strong customer base and a significant presence in both urban and rural areas.
Axis Bank is recognized for its innovative banking solutions, digital services, and customer-centric approach. It has consistently been involved in various community and social responsibility initiatives.
Buying Opportunity in Axis Bank??Quartey Result Outlook
In Q3FY25, Axis bank reported a year-on-year increase of 8.6% in Net Interest Income (NII), reaching INR 136,059 million.
The Bank reported a Pre-Provisioning Operating Profit of INR 105,339 Mn for the quarter, reflecting a year-over-year growth of 15.2%, although there was a slight decline of 1.7% quarter-over-quarter, primarily driven by improvements in operating efficiencies.
In Q3FY25, net profit experienced a year-over-year increase of 3.8%, reaching INR 63,038 million. The slight increase can be attributed mainly to elevated provisions amounting to INR 21,556 Mn for the quarter.
The operating performance aligned with our expectations; however, increased provisions led to an earnings shortfall relative to our estimates.
The increase in slippages for Q3FY25 can be attributed mainly to the retail segment, where there is noticeable stress in unsecured loans, particularly personal loans and credit cards.
Axis bank is systematically addressing slippage risk by implementing improved portfolio monitoring, establishing early warning triggers, and adjusting risk policies accordingly.
The estimates for book value in FY26E and FY27E have been reduced by 2.3% and 4.0%, respectively, due to the potential for increased provisions and limited business growth.
Source: Moneycontrol
Technicals
The price of Axis bank has fallen sharply in the recent weeks.
The stock price has fallen below all the key EMA levels (20, 50, 100, 200).
It has strong support around 986 levels
Resistance levels: 1093, 1186, 1273, 1339
Verdict: Most of the analysts have given positive rating with at least 20% upside in the stock price.
Axis Bank Share AnalysisAxis Bank is one of the largest private sector banks in India, providing a wide range of financial products and services to individuals, businesses, and corporations. Here's a brief overview:
### 1. **Foundation and History**
- **Founded:** December 1993 as UTI Bank
- **Rebranded:** In 2007, it was renamed Axis Bank
- **Headquarters:** Mumbai, Maharashtra, India
- **Ownership:** Axis Bank is publicly traded on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
### 2. **Products and Services**
- **Retail Banking:** Personal loans, savings accounts, fixed deposits, debit & credit cards, home loans, insurance, etc.
- **Corporate Banking:** Business loans, trade finance, cash management, and more.
- **Treasury and Investment Banking:** Services related to managing foreign exchange, securities trading, and more.
- **Digital Banking:** Axis Bank offers robust online and mobile banking services, including mobile wallets, fund transfers, and bill payments.
### 3. **Key Features**
- **Network:** Axis Bank has a significant presence across India with over 4,000 branches and more than 12,000 ATMs.
- **International Presence:** The bank operates in several countries, including the UK, the US, Singapore, Hong Kong, and more.
- **Technology:** The bank focuses on enhancing its digital services and offers a wide range of online banking tools for both personal and business customers.
### 4. **Financial Performance**
Axis Bank is considered one of the leading banks in India, with consistent growth in revenue and assets. It has a strong market capitalization and is part of the Nifty 50 index.
### 5. **Key Achievements**
- Axis Bank is known for its robust retail banking services and has earned recognition for its customer service and innovative digital solutions.
- The bank has also been involved in various sustainability and CSR initiatives.
Let me know if you'd like more specific details about any aspect of Axis Bank!
CRAB pattern-Axis Bank nearing Bottom, buy will start soonThe price is nearing the reversal point of the Fib 1.618 level. This D point will act as a strong support region. The institutional buyers are waiting for this point. If this level fails, the next support region will be at the 2.618 level. This is for educational purposes only.
Axis Bank's performance in the third quarter of FY25 was below expectations, leading to a significant drop in investor confidence. The bank reported its slowest growth in advances and deposits in nearly four years, with a 3.6% slippage ratio indicating increased loan defaults, particularly in agricultural and unsecured lending sectors.
Analyst Ratings and Target Prices
several brokerages revised their target prices for Axis Bank:
MOFSL lowered its target to ₹1,175, citing limited downside risk despite near-term challenges.
Nuvama adjusted its target from ₹1,335 to ₹1,220, noting a below-consensus EPS outlook.
Arihant Capital Markets remains optimistic with a target price of ₹1,383, highlighting Axis Bank's long-term potential despite current headwinds.
Axis Bank projection For Next 30 DaysAxis Bank is one of the leading private sector banks in India. Here are the key details and a brief history of Axis Bank:
### Details:
- **Full Name**: Axis Bank Limited
- **Founded**: 1993
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Retail banking, corporate banking, wealth management, investment banking, and treasury operations
- **Stock Listing**: Axis Bank is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### History:
1. **1993**: Axis Bank was founded as UTI Bank, jointly promoted by the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), and its four subsidiaries.
2. **1994**: The bank started its operations and opened its first registered office in Ahmedabad, Gujarat.
3. **1998**: UTI Bank went public with an initial public offering (IPO).
4. **2007**: The bank was renamed Axis Bank to reflect its universal banking capabilities.
5. **Expansion**: Over the years, Axis Bank has expanded its network across India and overseas, offering a comprehensive range of financial services.
Axis Bank has established itself as a significant player in the Indian banking sector, known for its wide array of services catering to retail, SME, and corporate customers. It has also been recognized for its digital innovations and customer service.
Axis Bank Ltd view for Intraday #AXISBANKAxis Bank Ltd view for Intraday #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 reward if you follow the level.
Thanks,
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AXISBANK Support & ResistanceTo 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!