Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (Oct 18,2021 – Oct 22,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 802.05 (NSE)
AXISBank closed the Weekly on Positive Note Gaining 2.57%
Weekly High: 804.50
Weekly Low: 779
Weekly Range: 25.50 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 820 |
| RESISTANCE 1 | 811 |
| SUPPORT 1 | 786 |
| SUPPORT 2 | 770 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 786 levels, Minor resistance on the upside is capped around 811 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 770 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 820
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 820 on upside and 770 on downside.
