AXISBANK Weekly Outlook and Analysis:

For the Week: (March 29,2021 – April 02,2021)

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

AXISBank Share Price: 698.20 (NSE)

AXISBank closed the Weekly on Negative Note Losing  3.86%

Weekly High: 739.50

Weekly Low:  680

Weekly Range: 59.50 Points

Weekly Support & Resistance For Axis Bank:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 672 levels, Minor resistance on the upside is capped around 731 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 @ 646 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 @765

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 765 on upside and 646 on downside.

The present structure shows that AXIS BANK share price is trading below trend line support. For the near term, the zone of 680 has now become a temporary immediate support for the stock. Only  break above 713 level will take price towards higher side.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 460 on upside and 407 on downside.