EquityPandit’s Outlook for Axis Bank for the week (Nov 25, 2019 – Nov 29, 2019):
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
Stock closed the week on positive note gaining 2.12%
Week High: 753.85
Week Low: 712.20
Week Range: 41.65 Points
AXIS Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 728 levels, Minor resistance on the upside is capped around 740 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 @ 725 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 @ 745
Stock is trading below 200 days exponential moving average, suggests long term trend is bulliesh. EquityPandit’s Predicts Range for the week as 740 on upside and 700 on downside.