EquityPandit’s Outlook for Axis Bank for the week (Dec 09, 2019 – Dec 13, 2019):

AXIS BANK:

BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS

Stock closed the week on negative note losing -2.90%

Week High: 747

Week Low: 715

Week Range: 32 Points

AXIS Bank Ltd.

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Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 715 levels, Minor resistance on the upside is capped around 725 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 @ 708 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 @ 748

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 750 on upside and 675 on downside.