EquityPandit’s Outlook for Axis Bank for the week (Oct 21, 2019 – Oct 25, 2019):

AXIS BANK:

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

Stock closed the week on positive note gaining 5.63%

Week High: 715.25

Week Low: 673.35

Week Range: 41.90 Points

AXIS Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 705 levels, Minor resistance on the upside is capped around 712 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 @ 700 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 @ 719

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 730 on upside and 690 on downside.