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Stock analysis Axis Bank Limited AXISBANK

More indepth analysis on MunafaSutra.com

Moving Averages for Axis Bank Limited

  • 5Day Average: 1139.63
  • 12Day Average: 1153.08
  • 20Day Average: 1160.91
  • 50Day Average: 1186.17
  • 100Day Average: 1195.42
  • 150Day Average: 1187.2
  • 200Day Average: 1157.69

AXISBANK Indicators & signals

Indicator MACD (12,26,9)

1150.26, 1162.26, -9.35
Indicator MACD is in negative zone

Indicator ADX (14)

24.53, 14.67, 24.21
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
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
19 Tue Nov 2024 1133.95 1122.05 to 1139.00 0.69% 2.37 times
18 Mon Nov 2024 1126.20 1121.55 to 1135.00 -1.27% 1.17 times
14 Thu Nov 2024 1140.70 1131.60 to 1150.75 0.14% 0.74 times
13 Wed Nov 2024 1139.15 1135.10 to 1165.50 -1.64% 1 times
12 Tue Nov 2024 1158.15 1153.80 to 1187.00 -1.1% 1.18 times
11 Mon Nov 2024 1171.00 1142.95 to 1176.80 0.87% 0.82 times
08 Fri Nov 2024 1160.95 1151.10 to 1167.75 0.09% 0.47 times
07 Thu Nov 2024 1159.90 1151.05 to 1172.90 -0.57% 0.77 times
06 Wed Nov 2024 1166.50 1161.45 to 1183.55 -0.44% 1.28 times
05 Tue Nov 2024 1171.70 1133.45 to 1174.90 2.85% 1.44 times
04 Mon Nov 2024 1139.25 1135.45 to 1176.95 -2.59% 1.14 times
01 Fri Nov 2024 1169.55 1164.00 to 1172.50 0.86% 0.06 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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Axis Bank Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Axis Bank Limited stays below 1141.2, but if it comes above 1141.2, then a intra day buy could be more profitable.
If you take a sell trade below 1141.2, then use 1141.2 as stoploss and 1121.2 as target. However if you take a buy trade in Axis Bank Limited, then use 1141.2 as stoploss and 1157.85 as target.

More indepth analysis on MunafaSutra.com