EquityPandit’s Outlook for Axis Bank for the week (Nov 11, 2019 – Nov 15, 2019):
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
Stock closed the week on negative note losing –3.06%
Week High: 756
Week Low: 722.90
Week Range: 33.1 Points
AXIS Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 722 levels, Minor resistance on the upside is capped around 730 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 @ 715and 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 @ 736
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 745 on upside and 713 on downside.
Weekly Pivot Levels For AXISBANK: