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Stock analysis Axis Bank Limited AXISBANK

More indepth analysis on MunafaSutra.com

Moving Averages for Axis Bank Limited

  • 5Day Average: 1059.02
  • 12Day Average: 1061.4
  • 20Day Average: 1054.66
  • 50Day Average: 1069.81
  • 100Day Average: 1082.46
  • 150Day Average: 1057.13
  • 200Day Average: 1033.82

AXISBANK Indicators & signals

Indicator MACD (12,26,9)

1057.78, 1062.71, -3.67
Indicator MACD is in negative zone

Indicator ADX (14)

28.6, 18.84, 33.93
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of AXISBANK Axis Bank Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Thu Apr 2024 1024.00 1013.85 to 1051.40 -2.65% 1.59 times
16 Tue Apr 2024 1051.90 1044.35 to 1057.85 -0.57% 0.64 times
15 Mon Apr 2024 1057.95 1055.25 to 1071.00 -1.44% 0.79 times
12 Fri Apr 2024 1073.45 1071.10 to 1096.40 -1.32% 1.61 times
10 Wed Apr 2024 1087.80 1080.00 to 1093.00 0.72% 0.81 times
09 Tue Apr 2024 1080.00 1071.35 to 1090.00 0.37% 1.02 times
08 Mon Apr 2024 1076.05 1063.55 to 1079.45 1.6% 0.44 times
05 Fri Apr 2024 1059.10 1048.10 to 1063.00 -0.36% 0.82 times
04 Thu Apr 2024 1062.95 1059.15 to 1080.70 -0.03% 1.61 times
03 Wed Apr 2024 1063.25 1043.75 to 1070.30 1.53% 1.03 times
02 Tue Apr 2024 1047.20 1040.20 to 1055.85 -0.56% 1.22 times
01 Mon Apr 2024 1053.10 1048.90 to 1063.75 0.56% 0.49 times

Technical analysis forecast for Axis Bank Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Axis Bank Limited AXISBANK at this time. Stock is falling and might fall more.

It appears as if Axis Bank Limited AXISBANK gave a large move recently.

Stock of Axis Bank Limited (AXISBANK) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Axis Bank Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1025, for a target of 1044.5 or 1060.73

More indepth analysis on MunafaSutra.com