Axis Bank Weekly Outlook and Analysis:

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

Axis Bank closed the previous week on a negative note losing 4.83%

Technically, Axis Bank share price will see immediate support at 931.43 and immediate resistance would be seen at 979.23

If Axis Bank share price closes below immediate support of 931.43, then sharp breakdown can be seen. Axis Bank share price will see major support at 912.92 for the week.

On the positive side, immediate resistance will be seen at 979.23. Closing above 979.23, Axis Bank share price will see a sharp breakout. Major resistance for Axis Bank share price will be seen at 1,008.52 for the week.

Trading range for Axis Bank share price for this week should be between 883.63 on down side and 1,027.03 on up side.

Axis Bank Previous Week High: 990

Axis Bank Previous Week Low: 942.2

Axis Bank Previous Week Range: 47.8 Points

Axis Bank share price support and resistance for the week (July 31, 2023 – August 04, 2023)