Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (Dec 20,2021 – Dec 24,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 688.90 (NSE)
AXISBank closed the Weekly on Flat Note
Weekly High: 721.95
Weekly Low: 685.10
Weekly Range: 36.85 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 735 |
| RESISTANCE 1 | 712 |
| SUPPORT 1 | 675 |
| SUPPORT 2 | 661 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 675 levels, Minor resistance on the upside is capped around 712 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 @ 661 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 @ 735
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 735 on upside and 661 on downside.
