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AXISBANK Weekly Outlook and Analysis:
For the Week: (Jan 25,2021 – Jan 29,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 644.50 (NSE)
AXISBank closed the Weekly on Negative Note Losing 4.50%
Weekly High: 695.00
Weekly Low: 638.80
Weekly Range: 56.20 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 715 |
| RESISTANCE 1 | 680 |
| SUPPORT 1 | 624 |
| SUPPORT 2 | 603 |
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Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 624 levels, Minor resistance on the upside is capped around 680 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 @ 603 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 @ 715
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 715 on upside and 603 on downside.
On daily chart AXIS BANK share price are moving in the form of Double Top pattern. Break below 638 levels which could take prices toward 625 levels.
