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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!
Axis Bank Increased Volume and Strong support Axis Bank Seems to stay Strong at the Current level of 1070 for the past 5 Sessions , which seems to be intercepting point for Pivot, Fibonocchi and Trendline Support , Short term move upto 1150 can be expected on Stable market Condition . Repositioning Pivot around 1120 for upcoming Week may make it possible .
Setup : NSE:AXISBANK
Buy Near 1070
Book Near 1150
SL below 1030
AXISBANK Support resistance As of December 30, 2024, Axis Bank Limited (AXISBANK) is exhibiting the following technical levels:
Support Levels:
Immediate Support: ₹1,071.60
Short-Term Support: ₹1,076.81
Medium-Term Support: ₹1,063.00
Long-Term Support: ₹1,070.00
Resistance Levels:
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.
AXISBANK Support and ResistanceAs of December 29, 2024, Axis Bank Limited's stock (AXISBANK) closed at ₹1,077.50 on the National Stock Exchange (NSE), marking a slight increase of 0.06% from the previous close.
MARKETWATCH
The stock remains below its 52-week high of ₹1,339.55, reached on July 12, 2024.
MARKETWATCH
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,071.60
S2: ₹1,070.00
S3: ₹1,063.00
Resistance Levels:
R1: ₹1,084.65
R2: ₹1,090.00
R3: ₹1,094.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
TOP STOCK RESEARCH
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 48.517 (Neutral)
Moving Average Convergence Divergence (MACD): -43.34 (Sell)
Average Directional Index (ADX): 21.376 (Buy)
These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend.
MONEYCONTROL
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
AXISBANK Support & Resistance 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 Support & ResistanceAs 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:
Daily Pivot Levels:
Support Levels:
S1: ₹1,075.02
S2: ₹1,071.13
S3: ₹1,066.27
Resistance Levels:
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 Support & ResistanceAs of December 24, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,078.90, reflecting a slight decrease of 0.02% from the previous close.
The following support and resistance levels have been identified for AXISBANK:
Support Levels:
S1: ₹1,075
S2: ₹1,071
S3: ₹1,066
Resistance Levels:
R1: ₹1,084
R2: ₹1,089
R3: ₹1,093
These levels are derived from technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
AXIS BANK LEVELSSupport Level of AXIS BANK
Buy axis bank on these levels 987 when in hourly oversold region on intraday basis
823 is for positional buyers.
Don't short Axis bank on positional basis as it has not given enough return on 5 yearly basis
Fresh long trades now are not avaialble as market is weak
Consult your financial advisor before trading
axis Bank: Selling Pressure with Gradual Buying OpportunitiesTopic Statement: Axis Bank faces selling pressure near the 1130 distribution zone, with potential to fall to 1000, a crucial support level.
Key Points:
1. The stock is in the distribution zone around 1130, with repeated testing of this level increasing the risk of a breakdown.
2. A gap at 1060 from April 2024 may be filled soon, indicating further downside.
3. The price is under the 180-day moving average, offering a gradual buying opportunity as it approaches the 1000 support.
Hammer Candlestick Pattern Seen at bottom in Axis BankHello everyone i hope you all will be doing good in your life and your trading as well. Today i have brought axis bank analysis which is has formed Hammer candlestick pattern at bottom of Important support zone, Axis Bank Limited is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City
Market Leadership
- 3rd largest private sector bank in India
- 4th largest issuer of credit cards
- 19.8% market share in FY24
Branch Network
In FY24, Bank added 475 branches (125 in Q4FY24) to its network. At present, it has a total of 5377 branches, 16,026 ATMs and Cash recyclers. The region-wise breakup of branches is as follows:
Metro - 31%
Semi-urban - 29%
Urban - 23%
Rural - 17%
Loan Book
Retail loans account for 60% of bank's loan book and corporate 29% & SME loans 11%.
Retail Book
Home loans account for 28% of retail book, followed by rural loans (16%), LAP(11%), Auto loans(10%), personal loans(12%) , small business banking (10%), credit cards (7%), Comm Equipment (2%) & others (4%)
Market Share FY24
- Bank has 5.5% market share in assets, 5% in deposits & 5.9% in advances.
- 14% in credit cards circulation in India.
- 5.2% market share in personal loan.
- 4% RTGS, 30% NEFT, 38.9% IMPS Market share (by volume),20% Market share in BBPS.
- 11.4% Foreign LC Market Share.
- 8.4% market share of MSME credit.
Fundamental (Ratio) Analysis
- P/E ratio is 12.69
- P/E ratio is 12.69 which is lower than it's 5 years Average P/E 28.22
- D/E 1.46 has reduced as compared to last year's D/E 1.59
- ROCE is 14.16%
- ROCE 14.16% has increased as compared to last year's ROCE 9.26%
- ROE is 18.51%
- ROE 14.16% has increased as compared to last year's ROE 9.26%
- ROCE 14.16% is higher than 5 years ROCE average 9.19%
- ROE 18.51% is higher than 5 years ROE average 10.03%
- PEG ratio is 0.61
- Operating Profit Margin (EBITDA Margin) 8.82% has improved as compared to last year's OPM - 0.31%
- NPM is 23.4%
- Net Profit Margin (PAT Margin) 23.4% has improved as compared to last year's NPM 12.37%
- Annual Sales has grown by 28.94%
- Annual Profit has grown over by 143.91%
- 3 Years Sales CAGR is 20.96%
- 3 Years Profit CAGR is 142.38%
- Quarterly Sales has grown over by 15.26% YoY
- Quarterly Profit has grown over by 19.16% YoY
- Quarterly Profit has grown over by 14.87% QoQ
- DII have increased their stakes by 1.72% in the latest quarter (29.4% to 31.12%)
- Retail/Public have reduced their stakes by 0.91% in last 3 years
- Promoters + FIIs + DIIs hold 91.18% in the company
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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AXISBANK Ltd view for Intraday 13th DecAXISBANK Ltd view for Intraday 13th Dec
Resistance 1150 Watching above 1155 for upside movement...
Support area 1100 Below 1150 ignoring upside momentum for intraday
Support 1170 Watching below 1200 or downside movement...
Resistance area 1250
Above 1100 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
AxisBank | Trendline BUll Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Supports
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AXISBANK Probable BreakoutStock Name: Axis Bank
CMP: ₹1160.50
Technical Analysis:
Axis Bank is currently displaying strong bullish momentum. The stock has achieved a breakout, with the previous close decisively above the trendline, confirming a significant bullish setup. This move is supported by high trading volumes, indicating strong participation from buyers.
Moreover the stock is in a strong buying position at the long tested support.
Axis Bank Date : 02.12.2024
Axis Bank
Timeframe : day chart
Remarks :
1 Formation of Descending Triangle
2 Consolidating at Neckline
3 Already trading below 200 ema
4 If bounce then will touch descending resistance
5 If breaks then next valid area is support/resistance zone at 1036
6 Support/resistance trendline is trend maker
Regards,
Ankur Singh