Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (Dec 13,2021 – Dec 17,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 688.05 (NSE)
AXISBank closed the Weekly on Positive Note Gaining 2.24%
Weekly High: 701.55
Weekly Low: 661.15
Weekly Range: 40.40 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 723 |
| RESISTANCE 1 | 705 |
| SUPPORT 1 | 665 |
| SUPPORT 2 | 643 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 665 levels, Minor resistance on the upside is capped around 705 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 @ 643 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 @ 723
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 723 on upside and 643 on downside.
