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Stock analysis Axis Bank Limited AXISBANK

More indepth analysis on MunafaSutra.com

Moving Averages for Axis Bank Limited

  • 5Day Average: 1042.94
  • 12Day Average: 1059.33
  • 20Day Average: 1054.25
  • 50Day Average: 1068.97
  • 100Day Average: 1083.79
  • 150Day Average: 1058.18
  • 200Day Average: 1034.78

AXISBANK Indicators & signals

Indicator MACD (12,26,9)

1053.81, 1059.46, -4.9
Indicator MACD is in negative zone

Indicator ADX (14)

18.39, 21.3, 30.91
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
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
23 Tue Apr 2024 1055.75 1048.75 to 1060.25 0.17% 0.71 times
22 Mon Apr 2024 1053.95 1032.00 to 1058.50 2.41% 0.8 times
19 Fri Apr 2024 1029.10 995.70 to 1036.95 0.5% 1.84 times
18 Thu Apr 2024 1024.00 1013.85 to 1051.40 -2.65% 1.52 times
16 Tue Apr 2024 1051.90 1044.35 to 1057.85 -0.57% 0.6 times
15 Mon Apr 2024 1057.95 1055.25 to 1071.00 -1.44% 0.76 times
12 Fri Apr 2024 1073.45 1071.10 to 1096.40 -1.32% 1.54 times
10 Wed Apr 2024 1087.80 1080.00 to 1093.00 0.72% 0.77 times
09 Tue Apr 2024 1080.00 1071.35 to 1090.00 0.37% 0.97 times
08 Mon Apr 2024 1076.05 1063.55 to 1079.45 1.6% 0.42 times
05 Fri Apr 2024 1059.10 1048.10 to 1063.00 -0.36% 0.78 times
04 Thu Apr 2024 1062.95 1059.15 to 1080.70 -0.03% 1.53 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, and stock might move down till 1040.7 or till 1020.9. Use a stoploss of 1057.21 and if the stock hits stoploss, then it can shoot up till 1073.73

More indepth analysis on MunafaSutra.com