Axis Bank made an all-time high of ₹1339 in July 2024, but it could not sustain that level and started falling. It faced heavy selling pressure, and the trend changed from up to down in a single week. The stock dropped quickly, reaching a 52-week low of ₹934 in January 2025, marking a 30.2% decline from its all-time high of ₹1339. This is a significant loss for those who bought near the all-time high.
It has found support near ₹940, which is a strong support zone. This is the level where buying started previously, which led to Axis Bank reaching its all-time high. This zone also has support of quarterly 20-exponential moving average, making it a special and promising level.
Axis Bank is currently trading near the same support zone, which has the potential to push the stock back to its all-time high. However, it is now trading at ₹1102, there is a significant resistance. If the global market is not supportive, we may see weakness or a retracement in Axis Bank. This retracement could potentially reach ₹1050, or if market sentiment turns more negative, we may see Axis Bank drop to ₹1010.
The trend is up on the daily timeframe, and with 20-exponential moving average support on all timeframes, this is a very positive signal and indicates strength in Axis Bank.
Downside Support in Axis Bank
If the stock drops further, the first level of support is ₹1010, followed by a second support at ₹950, and the third, stronger support is at ₹870.
Upside Resistance or Target in Axis Bank
If the stock moves upward, the first resistance target is ₹1150, followed by ₹1250, and the third target is the all-time high.
Plan of Action (01Apr25)
Based on the current price action, there is no good entry point before ₹960. If the stock drops from here (current market price of ₹1102) and reaches ₹960, then an entry can be planned with a strict stop-loss at ₹930. For now, we need to wait for further price action or until it reaches ₹960 for entry.
As discussed last week, the stock is approaching its support level. Today, on April 7, 2025, it has fallen by almost 4%.
What to Do with Axis Bank as of April 17, 2025
Since we were conservative with Axis Bank and waiting for the ₹960 level, we’ve missed the entry. But missing an entry in the stock market is completely normal — no need to worry. The stock has now formed a new setup, and we’ll plan our next move accordingly.
FAQs
Q1: Why did Axis Bank stock fall after reaching its all-time high?
Axis Bank hit an all-time high of ₹1339 in July 2024 but couldn’t sustain the level due to heavy selling pressure. The trend reversed sharply, and the stock dropped to a 52-week low of ₹934 by January 2025—a 30.2% fall from its peak.
Q2: What is the current trend of Axis Bank stock?
As of now, the stock is in an uptrend on the daily timeframe, supported by the 20-EMA across all timeframes, indicating strength. However, it is also facing resistance around ₹1100–₹1150.
Q3: What are the key support levels for Axis Bank in 2025?
- First support: ₹1010
- Second support: ₹950
- Strongest support: ₹870
These levels are crucial if the price begins to fall again.
Q4: What are the target levels or resistance zones for Axis Bank?
- First resistance: ₹1150
- Second resistance: ₹1250
- Final target: ₹1339 (All-time high)
Crossing and sustaining above these levels could trigger further bullish momentum.
Q5: Is now a good time to buy Axis Bank stock?
Not immediately. A potential entry is near ₹960 if the stock retraces from its current price (₹1102). Any buy position should be taken with a strict stop-loss at ₹930.
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Disclaimer
Stock market investments are subject to market risks. The information in this article is for educational purposes only and should not be considered financial or investment advice. Readers should do their own research or consult a financial advisor before making any investment decisions. The author and publisher are not liable for any financial losses incurred.