Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (Jan 18,2021 – Jan 22,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 674.85 (NSE)
AXISBank closed the Weekly on Flat Note
Weekly High: 691.20
Weekly Low: 659.25
Weekly Range: 31.95 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 707 |
| RESISTANCE 1 | 691 |
| SUPPORT 1 | 659 |
| SUPPORT 2 | 643 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 659 levels, Minor resistance on the upside is capped around 691 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 @ 707
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 707 on upside and 643 on downside.
On daily chart AXIS BANK share price seems to be sideways to positive. No significant formation was noticed on the Candles. For the near term level 659 has now become support for stock.
