Check Axis Bank Full Analysis At Unicorn Signals

Axis Bank Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – Aug 04, 2023)

AXIS Bank Outlook for the Week (July 31, 2023 – Aug 04, 2023)

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

AXISBank Share Price: 949.95 (NSE)

AXISBank closed the Weekly on Negative Note losing  2.20%            

Weekly High: 990

Weekly Low: 942.20

Weekly Range: 47.80 Points

Weekly Support & Resistance For Axis Bank:

RESISTANCE 2	1009
RESISTANCE 1	979
SUPPORT 1	931
SUPPORT 2	913

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 931 levels, Minor resistance on the upside is capped around 979 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 @ 913 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 @ 1009

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 1009 on upside and 913 on downside.