Axis Bank Share Price Today on
On the technical front, the stock is trading above the 5,10,50,300 days SMA & lower than the 20,100 day SMA. The stock will have support at 5,10,50,300 days SMA & face resistance at 20,100 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 1165.58 |
| 10 | 1164.86 |
| 20 | 1206.25 |
| 50 | 1184.62 |
| 100 | 1205.04 |
| 300 | 1146.69 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1147.27, ₹1162.98, & ₹1174.62, whereas it has key support levels at ₹1119.92, ₹1108.28, & ₹1092.57.
Till 1 PM today, the volume traded on NSE & BSE for Axis Bank was 496.49% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Initial signs of a trend reversal are evident following the recent downtrend..
From a fundamental analysis perspective, the company has a ROE of 18.40%
The median 1-year forecasted upside in this share is at 14.88% with a target price of ₹1374.00.
The company has a 0.00% promoter holding, 4.79% MF holding, & 51.77% FII holding as per filings in the september quarter.
The MF holding has decreased from 4.91% in june to 4.79% in the september quarter.
The FII holding has decreased from 53.42% in june to 51.77% in the september quarter.
Axis Bank share price has gained 5.64% today to trade at ₹1196 in resonance with its peers. Its peers such as
