Signals, Powered By EquityPandit
Axis Bank closed the previous week on a negative note losing 4.15%.
Technically, Axis Bank share price will see immediate support at 977.87 and immediate resistance would be seen at 1,020.62.
If Axis Bank share price closes below immediate support of 977.87, then sharp breakdown can be seen. Axis Bank share price will see major support at 961.68 for the week.
On the positive side, immediate resistance will be seen at 1,020.62. Closing above 1,020.62, Axis Bank share price will see a sharp breakout. Major resistance for Axis Bank share price will be seen at 1,047.18 for the week.
Trading range for Axis Bank share price for this week should be between 935.12 on down side and 1,063.37 on up side.
Axis Bank Previous Week High: 1031
Axis Bank Previous Week Low: 988.25
Axis Bank Previous Week Range: 42.75 Points
Axis Bank share price support and resistance for the week (October 16, 2023 – October 20, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 1,063.37 |
| Resistance 2 | 1,047.18 |
| Resistance 1 | 1,020.62 |
| Support 1 | 977.87 |
| Support 2 | 961.68 |
| Support 3 | 935.12 |
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