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Check AXIS BANK Full Analysis At Unicorn Signals
AXISBANK Weekly Outlook and Analysis:
For the Week: (May 16, 2022 – May 20, 2022)
Check AXIS BANK Full Analysis At Unicorn Signals
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 673.40 (NSE)
AXISBank closed the Weekly on Negative Note Losing 7.58%
Weekly High: 738.20
Weekly Low: 668.10
Weekly Range: 70 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 763 |
| RESISTANCE 1 | 718 |
| SUPPORT 1 | 648 |
| SUPPORT 2 | 623 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 648 levels, Minor resistance on the upside is capped around 718 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 @ 623 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 @ 763
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 763 on upside and 623 on downside.
