The market cap of axis bank is 58385.78 Cr., the EPS(TTM) is 76.32, the P/E ratio is 18.65 and that of industry is 29.16.
Weekly Chart
Weekly chart of Axis Bank Ltd. shows that after correction and conolidation for some weeks the price has started to move up.The support is at a level of 1376.65. The resistance are at a level of 1455.12 and 1569.41. The MACD has crossed above the signal line and MACD histogram is rising. The RSI is rising and above the 50%. The Stochastic is near the 80% level, the overbought region, the stock may correct near the level of 1455.12.
Daily Chart
Daily chart of Axis Bank ltd. shows that it has given a break out from the level of 1376.65.The stock is trading above all the moving averages of 20,50,100 and 200 day. MACD has crossed above the signal line and is above the zero line, the RSI is near the 70% level, Stochastic is above the 80%,the near resistance level is at 1455.12,near this level the stock can correct or consolidate.
Recommendation: One can buy this stock at a level of 1455.12 for a target of 1569.41 with a stop loss of 3 to 5%.
Weekly Chart
Weekly chart of Axis Bank Ltd. shows that after correction and conolidation for some weeks the price has started to move up.The support is at a level of 1376.65. The resistance are at a level of 1455.12 and 1569.41. The MACD has crossed above the signal line and MACD histogram is rising. The RSI is rising and above the 50%. The Stochastic is near the 80% level, the overbought region, the stock may correct near the level of 1455.12.
Daily Chart
Daily chart of Axis Bank ltd. shows that it has given a break out from the level of 1376.65.The stock is trading above all the moving averages of 20,50,100 and 200 day. MACD has crossed above the signal line and is above the zero line, the RSI is near the 70% level, Stochastic is above the 80%,the near resistance level is at 1455.12,near this level the stock can correct or consolidate.
Recommendation: One can buy this stock at a level of 1455.12 for a target of 1569.41 with a stop loss of 3 to 5%.
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