Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (Jan 24,2022 – Jan 28,2022)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXIS Bank Share Price: 712.50 (NSE)
AXIS Bank closed the Weekly on Negative Note Losing 1.27%
Weekly High: 737.15
Weekly Low: 708.05
Weekly Range: 29.10 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 748 |
| RESISTANCE 1 | 730 |
| SUPPORT 1 | 701 |
| SUPPORT 2 | 690 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 701 levels, Minor resistance on the upside is capped around 730 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 @ 690 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 Weekly as 748 on upside and 690 on downside.
