25 Nov, 2023
AXISBANK hit its 52 week low of ₹814.30 on 16 Mar 2023 and from there it move to ₹999.05 which is just ₹48.45 less than it 52 Week High of ₹1047.50, giving a whopping 22.69% return in just 8 months and 8 days
As of Fri 24 Nov 2023, AXISBANK is just ₹48.45 less than the 52-Week High of ₹1047.50. Notably, the All-Time High is same as the 52-Week High. Lets find out what opportunities lies ahead for AXISBANK
For those considering an exit, the Golden Extension (161.8%) level of ₹1191 offers a promising point, given the likelihood of a downward momentum from these levels as investors might start booking their profits at these levels.
For those considering an entry, the Golden Ratio (61.8%) retracement level of ₹903 offers a promising point, given the likelihood of a pullback from these levels as new investors might come in at these levels.