AXISBANK Weekly Outlook and Analysis:

For the Week: (May 24,2021 – May 28,2021)

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

AXISBank Share Price: 730.90 (NSE)

AXISBank closed the Weekly on Positive Note Gaining  6.70%

Weekly High: 733.40

Weekly Low: 684.40

Weekly Range: 49 Points

Weekly Support & Resistance For Axis Bank:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 700 levels, Minor resistance on the upside is capped around 748 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 @ 667 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 667 on downside.

The present structure shows that AXIS BANK share has finally given breakout over its consolidation phase. Prices closed above trend line which is a sign of bullishness for the coming session.

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.