EquityPandit’s Outlook for Axis Bank for the week (July 13,2020 – July 17, 2020):

AXIS BANK:

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

Stock closed the week on positve note gaining 2.6%

Week High:461.40

Week Low: 426.20

Week Range: 35.20 Points

AXIS Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at430 levels, Minor resistance on the upside is capped around 448 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 @ 425 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 @457

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 457 on upside and 425 on downside

WEEKLY PIVOT LEVELS: