Tag Archives: Axis Bank Stock Movement

Axis Bank Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Jan 22, 2018 – Jan 25, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 6.30%.

As we have mentioned last week, that resistance for the stock lies in the zone of 560 to 565 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585. During the week the stock manages to hit a high of 597 and close the week around the levels of 590.

Support for the stock lies in the zone of 568 to 573 from where the stock broke out of November-2017 and December-2017 high. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where short term moving averages are lying.

Resistance for the stock lies in the zone of 600 to 605. If the stock manages to close above these levels then the stock can move to the levels of 620 to 625 where trend-line joining earlier high is lying.

Broad range for the stock in the coming week can be 560– 565 on lower side & 625 – 630 on upper side.

Axis Bank Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Jan 15, 2018 – Jan 19, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 550 to 555. Support for the stock lies in the zone of 530 to 535 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium and 200 daily moving averages are lying. During the week the stock manages to hit a low of 552 and close the week around the levels of 555.

Minor support for the stock lies in the zone of 550 to 555. Support for the stock lies in the zone of 530 to 535 where the stock has taken multiple support and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 560 to 565 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 535– 540 on lower side & 570 – 575 on upper side.

Axis Bank Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for Axis Bank for the week  ( Jan 08, 2018 – Jan 12, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 560 to 565 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585. During the week the stock manages to hit a high of 570 and close the week around the levels of 563.

Minor support for the stock lies in the zone of 550 to 555. Support for the stock lies in the zone of 530 to 535 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 560 to 565 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 535– 540 on lower side & 580 – 585 on upper side.

Axis Bank Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for Axis Bank for the week  Jan 01, 2018 – Jan 05, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that minor support for the stock lies in the zone of 540 to 545. Support for the stock lies in the zone of 530 to 535 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium and 200 daily moving averages are lying. During the week the stock manages to hit a low of 544 and close the week around the levels of 564.

Minor support for the stock lies in the zone of 548 to 552. Support for the stock lies in the zone of 530 to 535 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 560 to 565 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 535– 540 on lower side & 580 – 585 on upper side.

Axis Bank Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Dec 26, 2017 – Dec 29, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 545 to 550 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 558 and close the week around the levels of 554.

Minor support for the stock lies in the zone of 540 to 545. Support for the stock lies in the zone of 530 to 535 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 560 to 565 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 525– 530 on lower side & 570 – 575 on upper side.

Axis Bank Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Dec 18, 2017 – Dec 22, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 510 to 515 where short, medium and 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 where the stock has opened gap up. During the week the stock manages to hit a low of 533 and close the week around the levels of 548.

Minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 510 to 515 where medium and 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 where the stock has opened gap up.

Resistance for the stock lies in the zone of 545 to 550 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where the stock has formed a double top pattern.

Broad range for the stock in the coming week can be 505– 510 on lower side & 570 – 575 on upper side.

Axis Bank Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Dec 11, 2017 – Dec 15, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 545 to 550 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 545 and close the week around the levels of 542.

Minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 510 to 515 where short, medium and 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 where the stock has opened gap up.

Resistance for the stock lies in the zone of 545 to 550 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where the stock has formed a double top pattern.

Broad range for the stock in the coming week can be 505– 510 on lower side & 570 – 575 on upper side.

Axis Bank Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Dec 04, 2017 – Dec 08, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.10%.

As we have mentioned last week, that minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying. During the week the stock manages to hit a low of 532 and close the week around the levels of 534.

Minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 510 to 515 where short, medium and 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 where the stock has opened gap up.

Resistance for the stock lies in the zone of 545 to 550 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where the stock has formed a double top pattern.

Broad range for the stock in the coming week can be 500– 505 on lower side & 560 – 565 on upper side.

Axis Bank Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Nov 27, 2017 – Dec 01, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying. During the week the stock manages to hit a low of 536 and close the week around the levels of 545.

Minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 545 to 550 where the stock had formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 500– 505 on lower side & 580 – 585 on upper side.

Axis Bank Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Nov 20, 2017 – Nov 24, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying. During the week the stock manages to hit a low of 533 and close the week around the levels of 542.

Minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 545 to 550 where the stock had formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 500– 505 on lower side & 580 – 585 on upper side.

Axis Bank Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Nov 13, 2017 – Nov 17, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that minor support for the stock lies in the zone of 530 to 535. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying. During the week the stock manages to hit a low of 523 and close the week around the levels of 545.

Minor support for the stock lies in the zone of 533 to 538. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 545 to 550 where the stock had formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 500– 505 on lower side & 580 – 585 on upper side.

Axis Bank Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Nov 06, 2017 – Nov 10, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 11.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 480 to 490 from where the stock broke down after 8 months of consolidation. If the stock manages to close above these levels then the stock can move to the levels of 500 to 510 where short, medium and long term moving averages are lying. During the week the stock manages to hit a high of 546 and close the week around the levels of 540.

Minor support for the stock lies in the zone of 530 to 535. Support for the stock lies in the zone of 520 to 525 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where short, medium and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 545 to 550 where the stock had formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 500– 505 on lower side & 580 – 585 on upper side.

Axis Bank Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 30, 2017 – Nov 03, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.60%.

As we have mentioned last week, that the stock has seen a major breakdown on the long term charts. The stock has broken down from the 8 months of consolidation. Support for the stock lies in the zone of 445 to 450 levels. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430. During the week the stock manages to hit a low of 447 and close the week around the levels of 486.

Minor support for the stock lies in the zone of 470 to 475. Support for the stock lies in the zone of 445 to 450 levels. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430.

Resistance for the stock lies in the zone of 480 to 490 from where the stock broke down after 8 months of consolidation. If the stock manages to close above these levels then the stock can move to the levels of 500 to 510 where short, medium and long term moving averages are lying.

Broad range for the stock in the coming week can be 450– 455 on lower side & 510 – 515 on upper side.

Axis Bank Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 23, 2017 – Oct 27, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 13.10%.

As we have mentioned last week, that minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 495 to 500 where 200 Daily Moving averages are lying. During the week the stock manages to hit a low of 458 and close the week around the levels of 460.

The stock has seen a major breakdown on the long term charts. The stock has broken down from the 8 months of consolidation. Support for the stock lies in the zone of 445 to 450 levels. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430.

Resistance for the stock lies in the zone of 463 to 465 where long term Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 from where the stock broke down after 8 months of consolidation.

Broad range for the stock in the coming week can be 430– 435 on lower side & 480 – 485 on upper side.

Axis Bank Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 16, 2017 – Oct 19, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.20%.

As we have mentioned last week, that support for the stock lies in the zone of 495 to 500 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support. During the week the stock manages to hit a low of 501 and close the week around the levels of 529.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 495 to 500 where 200 Daily Moving averages are lying.

Resistance for the stock lies in the zone of 535 to 540 where long term Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 547 to 550 where the stock has formed a top in the month of July-2017.

Broad range for the stock in the coming week can be 510– 515 on lower side & 550 – 555 on upper side.

 

 

Axis Bank Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 09, 2017 – Oct 13, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.10%.

As we have mentioned last week, that support for the stock lies in the zone of 495 to 500 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support. During the week the stock manages to hit a low of 497 and close the week around the levels of 503.

Support for the stock lies in the zone of 495 to 500 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support.

Resistance for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 480– 485 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 03, 2017 – Oct 06, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that support for the stock lies in the zone of 495 to 500 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support. During the week the index manages to hit a low of 488 and close the week around the levels of 509.

Support for the stock lies in the zone of 495 to 500 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support.

Resistance for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 480– 485 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 25, 2017 – Sep 29, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 517 to 520 from where the stock has sold off. If the stock manages to close above these levels then the stock can move to the levels of 530 to 535 where Fibonacci levels are lying. During the week the stock manages to hit a high of 526 and close the week around the levels of 505.

Support for the stock lies in the zone of 495 to 500 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support.

Resistance for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 480– 485 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 493 and close the week around the levels of 516.

Support for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 492 to 495 where 200 Daily Moving averages are lying.

Resistance for the stock lies in the zone of 517 to 520 from where the stock has sold off. If the stock manages to close above these levels then the stock can move to the levels of 530 to 535 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 498 to 501. Support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 491 and close the week around the levels of 494.

Support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 498 to 500. Resistance for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 480– 482 on lower side & 510 – 515 on upper side.

Axis Bank Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.10%.

As we have mentioned last week, that minor support for the stock lies in the zone of 498 to 501. Support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 498 and close the week around the levels of 508.

Minor support for the stock lies in the zone of 498 to 501. Support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 503 to 508 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 485– 490 on lower side & 520 – 525 on upper side.

Axis Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 3.30%.

As we have mentioned last week, that resistance for the stock lies in the zone of 492 to 495 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 503 to 508 where short & medium term moving averages are lying. During the week the stock manages to hit a high of 510 and close the week around the levels of 507.

Minor support for the stock lies in the zone of 498 to 501. Support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 503 to 508 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 485– 490 on lower side & 515 – 520 on upper side.

Axis Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 492 to 495 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 503 to 508 where short & medium term moving averages are lying. During the week the stock manages to hit a high of 503 and close the week around the levels of 490.

Support for the stock lies in the zone of 480 to 485 where the stock has taken multiple support in the month of March-2017 and April-2017. If the stock manages to close below these levels then the stock can drift to the levels of 464 to 466 where Fibonacci levels and trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 492 to 495 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 503 to 508 where short & medium term moving averages are lying.

Broad range for the stock in the coming week can be 470– 475 on lower side & 505 – 510 on upper side.

Axis Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 3.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 510 to 514. Resistance for the stock lies in the zone of 525 to 530 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying. During the week the stock manages to hit a high of 512 and close the week around the levels of 490.

Support for the stock lies in the zone of 480 to 485 where the stock has taken multiple support in the month of March-2017 and April-2017. If the stock manages to close below these levels then the stock can drift to the levels of 464 to 466 where Fibonacci levels and trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 492 to 495 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 503 to 508 where short & medium term moving averages are lying.

Broad range for the stock in the coming week can be 460– 465 on lower side & 505 – 510 on upper side.

Axis Bank Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 07, 2017 – Aug 11, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 525 to 530. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying. During the week the stock manages to hit a high of 524 and close the week around the levels of 508.

Support for the stock lies in the zone of 498 to 500 where low for the month of July-2017 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 490 to 495 where 200 daily moving averages are lying.

Minor resistance for the stock lies in the zone of 510 to 514. Resistance for the stock lies in the zone of 525 to 530 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 535 – 540 on upper side.

Axis Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 31, 2017 – Aug 04, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 4.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 536 to 538. Support for the stock lies in the zone of 525 to 530 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where short & medium term moving averages are lying. During the week the stock manages to hit a low of 512 and close the week around the levels of 515.

Support for the stock lies in the zone of 508 to 512 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 490 to 495 where 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 525 to 530. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 495– 500 on lower side & 535 – 540 on upper side.

Axis Bank Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 24, 2017 – July 28, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 508 to 510. Support for the stock lies in the zone of 495 to 500 where 200 Daily moving averages is lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple supports. During the week the stock manages to hit a low of 508 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 536 to 538. Support for the stock lies in the zone of 525 to 530 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where short & medium term moving averages are lying.

The stock has broken out of 6 months of consolidation. Resistance for the stock lies in the zone of 548 to 550. If the stock manages to close above these levels then the stock can move to the levels of 590 to 600.

Broad range for the stock in the coming week can be 515– 520 on lower side & 575 – 580 on upper side.

Axis Bank Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 17, 2017 – July 21, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 2.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 510 to 515. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying. During the week the stock manages to hit a high of 530 and close the week around the levels of 513.

Minor support for the stock lies in the zone of 508 to 510. Support for the stock lies in the zone of 495 to 500 where 200 Daily moving averages is lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple supports.

Minor resistance for the stock lies in the zone of 510 to 515. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 525 – 530 on upper side.

Axis Bank Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 10, 2017 – July 14, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 509 to 511. Support for the stock lies in the zone of 502 to 506 where medium term and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple supports. During the week the stock manages to hit a low of 501 and close the week around the levels of 503.

Support for the stock lies in the zone of 495 to 500 where 200 Daily moving averages is lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple supports.

Minor resistance for the stock lies in the zone of 510 to 515. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 480– 485 on lower side & 520 – 525 on upper side.

Axis Bank Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 03, 2017 – July 07, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 502 to 506 where medium term and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple supports. During the week the stock manages to hit a low of 484 and close the week around the levels of 517.

Minor support for the stock lies in the zone of 509 to 511. Support for the stock lies in the zone of 502 to 506 where medium term and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple supports.

Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 540 – 545 on upper side.

Axis Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 27, 2017 – June 30, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying. During the week the stock manages to hit a high of 525 and close the week around the levels of 505.

Support for the stock lies in the zone of 502 to 506 where medium term and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 485– 490 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 19, 2017 – June 23, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.60%.

As we have mentioned last week that support for the stock lies in the zone of 502 to 506 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support. During the week the stock manages to hit a low of 502 and close the week around the levels of 510.

Support for the stock lies in the zone of 502 to 506 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 12, 2017 – June 16, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.10%.

As we have mentioned last week that support for the stock lies in the zone of 500 to 505 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support and medium term moving averages are lying. During the week the stock manages to hit a low of 506 and close the week around the levels of 514.

Support for the stock lies in the zone of 502 to 506 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 05, 2017 – June 09, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 500 to 505 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support and medium term moving averages are lying. During the week the stock manages to hit a low of 502 and close the week around the levels of 508.

Support for the stock lies in the zone of 500 to 505 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 29, 2017 – June 02, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying. During the week the stock manages to hit a low of 495 and close the week around the levels of 511.

Support for the stock lies in the zone of 500 to 505 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 22, 2017 – May 26, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying. During the week the stock manages to hit a low of 490 and close the week around the levels of 502.

Minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 510 to 513 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017.

Broad range for the stock in the coming week can be 480– 485 on lower side & 520 – 525 on upper side.

Axis Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 15, 2017 – May 19, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 513 to 516 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. During the week the stock manages to hit a high of 535 and close the week around the levels of 503.

Minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 510 to 513 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017.

Broad range for the stock in the coming week can be 480– 485 on lower side & 520 – 525 on upper side.

Axis Bank Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 08, 2017 – May 12, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying. During the week the stock manages to hit a low of 500 and close the week around the levels of 504.

Minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 513 to 516 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017.

Broad range for the stock in the coming week can be 480– 485 on lower side & 520 – 525 on upper side.

Axis Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 02, 2017 – May 05, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 495 to 500. Resistance for the stock lies in the zone of 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying. During the week the stock manages to hit a high of 525 and close the week around the levels of 510.

Minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying.

Broad range for the stock in the coming week can be 480 – 485 on lower side & 525 – 530 on upper side.

Axis Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 24, 2017 – April 28, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 4.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 500 to 503. Support for the stock lies in the zone of 488 to 490. Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying. During the week the stock manages to hit a low of 483 and close the week around the levels of 486.

Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 495 to 500. Resistance for the stock lies in the zone of 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying.

Broad range for the stock in the coming week can be 460 – 465 on lower side & 505 – 510 on upper side.

Axis Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 17, 2017 – April 21, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying. During the week the stock manages to hit a high of 520 and close the week around the levels of 508.

Minor support for the stock lies in the zone of 500 to 503. Support for the stock lies in the zone of 488 to 490. Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying.

Broad range for the stock in the coming week can be 480 – 485 on lower side & 525 – 530 on upper side.

Axis Bank Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 10, 2017 – April 13, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying. During the week the stock manages to hit a high of 518 and close the week around the levels of 504.

Minor support for the stock lies in the zone of 497 to 499. Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying.

Broad range for the stock in the coming week can be 480 – 485 on lower side & 520 – 525 on upper side.

Axis Bank Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 03, 2017 – April 07, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying. During the week the stock manages to hit a high of 513 and close the week around the levels of 491.

Minor support for the stock lies in the zone of 485 to 487. Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side & 515 – 520 on upper side.

Axis Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Axis Bank for the week (March 27, 2017 – March 31, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 5.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying. During the week the stock manages to hit a low of 483 and close the week around the levels of 489.

Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying.

Broad range for the stock in the coming week can be 465 – 470 on lower side & 510 – 515 on upper side.

Axis Bank Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Axis Bank for the week (March 20, 2017 – March 24, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying. During the week the stock manages to hit a low of 509 and close the week around the levels of 517.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying.

Minor resistance for the stock lies in the zone of 520 to 525. Resistance for the stock lies in the zone of 534 to 536 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 545 to 550 from where the stock sold off in the month of October-2016.

Broad range for the stock in the coming week can be 495 – 500 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Axis Bank for the week (March 14, 2017 – March 17, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying. During the week the stock manages to hit a low of 500 and close the week around the levels of 516.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying.

Minor resistance for the stock lies in the zone of 520 to 525. Resistance for the stock lies in the zone of 534 to 536 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 545 to 550 from where the stock sold off in the month of October-2016.

Broad range for the stock in the coming week can be 495 – 500 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Axis Bank for the week (March 06, 2017 – March 10, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 495 to 500 from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 465 to 470 where the stock has taken multiple support and also Fibonacci levels are lying. During the week the stock manages to hit a low of 504 and close the week around the levels of 513.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying.

Minor resistance for the stock lies in the zone of 520 to 525. Resistance for the stock lies in the zone of 534 to 536 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 545 to 550 from where the stock sold off in the month of October-2016.

Broad range for the stock in the coming week can be 485 – 490 on lower side & 530 – 535 on upper side.

Axis Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 27, 2017 – March 03, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 8.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying. During the week the stock manages to hit a high of 530 and close the week around the levels of 528.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 495 to 500 from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 465 to 470 where the stock has taken multiple support and also Fibonacci levels are lying.

Resistance for the stock lies in the zone of 534 to 536 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 545 to 550 from where the stock sold off in the month of October-2016.

Broad range for the stock in the coming week can be 500 – 505 on lower side & 545 – 550 on upper side.

Axis Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 20, 2017 – February 24, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 440 to 445 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 482 and close the week around the levels of 489.

Minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 440 to 445 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side to 510 – 515 on upper side.

Axis Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 13, 2017 – February 17, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 440 to 445 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 482 and close the week around the levels of 489.

Minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 440 to 445 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side to 510 – 515 on upper side.

Axis Bank Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 06, 2017 – February 10, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 3.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 460 to 463. Support for the stock lies in the zone of 440 to 445 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where the stock has formed a double bottom pattern. During the week the stock manages to hit a low of 460 and close the week around the levels of 491.

Minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of 440 to 445 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side to 510 – 515 on upper side.

Axis Bank Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 30, 2017 – February 03, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 460 to 465 where the stock has opened gap down on sub-due quarterly results. Resistance for the stock lies in the zone of 480 to 485 where the stock has formed a top in the month of December-2016. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 479 and close the week around the levels of 473.

Minor support for the stock lies in the zone of 460 to 463. Support for the stock lies in the zone of 440 to 445 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where the stock has formed a double bottom pattern.

Resistance for the stock lies in the zone of 479 to 482 where the stock has formed a gap on gap down opening on sub due quarterly results. If the stock manages to close above these levels then the stock can move to the levels of 505 to 510 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 495 – 500 on upper side.

Axis Bank Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 23, 2017 – January 27, 2017) :

AXIS BANK:

 

icici

 

Axis Bank closed the week on negative note losing around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 460 to 465 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 448 to 450. During the week the stock manages to hit a low of 448 and close the week around the levels of 451.

Support for the stock lies in the zone of 448 to 450 where the stock has formed multiple support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where the stock has formed a double bottom pattern.

Resistance for the stock lies in the zone of 460 to 465 where the stock has opened gap down on sub-due quarterly results. Resistance for the stock lies in the zone of 480 to 485 where the stock has formed a top in the month of December-2016. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 425 – 430 on lower side to 465 – 470 on upper side.

Axis Bank Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 16, 2017 – January 20, 2017) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 3.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 448 to 450 from where the stock broke out on intraday basis. Support for the stock lies in the zone of 438 to 440 where the stock has managed to take support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 422 to 425 where the stock has formed a bottom in the month of December-2016. During the week the stock manages to hit a low of 424 and close the week around the levels of 473.

Support for the stock lies in the zone of 460 to 465 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 448 to 450.

Resistance for the stock lies in the zone of 480 to 485 where the stock has formed a top in the month of December-2016. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 455 – 460 on lower side to 490 – 500 on upper side.

Axis Bank Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 09, 2017 – January 13, 2017) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 460 to 465 from where the stock has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 where the stock has formed a top in the month of December-2016. During the week the stock manages to hit a high of 464 and close the week around the levels of 455.

Minor support for the stock lies in the zone of 448 to 450 from where the stock broke out on intraday basis. Support for the stock lies in the zone of 438 to 440 where the stock has managed to take support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 422 to 425 where the stock has formed a bottom in the month of December-2016.

Resistance for the stock lies in the zone of 460 to 465 from where the stock has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 where the stock has formed a top in the month of December-2016.

Broad range for the stock in the coming week can be 430 – 435 on lower side to 470 – 475 on upper side.

Axis Bank Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 02, 2017 – January 06, 2017) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 2.70%.

As we have mentioned last week that support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016. During the week the stock manages to hit a low of 427 and close the week around the levels of 450.

Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016.

Resistance for the stock lies in the zone of 460 to 465 from where the stock has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 where the stock has formed a top in the month of December-2016.

Broad range for the stock in the coming week can be 427 – 430 on lower side to 470 – 475 on upper side.

Axis Bank Outlook for the Week (December 26, 2016 – December 30, 2016)

EquityPandit’s Outlook for Axis Bank for the week (December 26, 2016 – December 30, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 7.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 458 to 460. Support for the stock lies in the zone of 440 to 445 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016. During the week the stock manages to hit a low of 436 and close the week around the levels of 438.

Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016.

Minor resistance for the stock lies in the zone of 442 to 445 from where the stock has broken down from the lows of 07/12/2016 and 13/12/2016. Resistance for the stock lies in the zone of 460 to 465. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 where short term moving averages are lying.

Broad range for the stock in the coming week can be 415 – 420 on lower side to 460 – 465 on upper side.

Axis Bank Outlook for the Week (December 19, 2016 – December 23, 2016)

EquityPandit’s Outlook for Axis Bank for the week (December 19, 2016 – December 23, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 3.30%.

As we have mentioned last week that support for the stock lies in the zone of 440 to 445 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016. During the week the stock manages to hit a low of 442 and close the week around the levels of 471.

Minor support for the stock lies in the zone of 458 to 460. Support for the stock lies in the zone of 440 to 445 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016.

Resistance for the stock lies in the zone of 485 to 490 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 500 to 510 where 200 Daily SMA and top made in the month of Novemeber-2016 is lying.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 500 – 510 on upper side.

Axis Bank Outlook for the Week (December 12, 2016 – December 16, 2016)

EquityPandit’s Outlook for Axis Bank for the week (December 12, 2016 – December 16, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 0.80%.

As we have mentioned last week that support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430. During the week the stock manages to hit a low of 441 and close the week around the levels of 456.

Support for the stock lies in the zone of 440 to 445 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016.

Resistance for the stock lies in the zone of 458 to 462 from where the stock has broken down from the Wedge pattern formed in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 485 to 490 where short term moving averages are lying.

Broad range for the stock in the coming week can be 430 – 435 on lower side to 480 – 485 on upper side.

Axis Bank Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Axis Bank for the week (December 05, 2016 – December 09, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 2.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 468 to 470. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430. During the week the stock manages to hit a low of 458 and close the week around the levels of 460.

Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Minor resistance for the stock lies in the zone of 475 to 480. Resistance for the stock lies in the zone of 500 to 510 where the highs of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of October-2016.

Broad range for the stock in the coming week can be 440 – 445 on lower side to 480 – 485 on upper side.

Axis Bank Outlook for the Week (November 28, 2016 – December 02, 2016)

EquityPandit’s Outlook for Axis Bank for the week (November 28, 2016 – December 02, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 0.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 468 to 470. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430. During the week the stock manages to hit a low of 458 and close the week around the levels of 471.

Minor support for the stock lies in the zone of 468 to 470. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Minor resistance for the stock lies in the zone of 482 to 485. Resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 500 – 505 on upper side.

Axis Bank Outlook for the Week (November 21, 2016 – November 25, 2016)

EquityPandit’s Outlook for Axis Bank for the week (November 21, 2016 – November 25, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 5.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 503 and close the week around the levels of 473.

Minor support for the stock lies in the zone of 468 to 470. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Minor resistance for the stock lies in the zone of 482 to 485. Resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 500 – 505 on upper side.

Axis Bank Outlook for the Week (November 15, 2016 – November 18, 2016)

EquityPandit’s Outlook for Axis Bank for the week (November 15, 2016 – November 18, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 4.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 514 and close the week around the levels of 499.

Minor support for the stock lies in the zone of 475 to 480. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 465 – 470 on lower side to 525 – 530 on upper side.

Axis Bank Outlook for the Week (November 07, 2016 – November 11, 2016)

EquityPandit’s Outlook for Axis Bank for the week (November 07, 2016 – November 11, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 1.80%.

As we have mentioned last week that the stock has closed just below the 200 Daily SMA lying around the levels of 493 to 498. Minor support for the stock lies in the zone of 475 to 480. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430. During the week the stock manages to hit a low of 468 and close the week around the levels of 479.

Minor support for the stock lies in the zone of 475 to 480. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 500 – 505 on upper side.

Axis Bank Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Axis Bank for the week (November 01, 2016 – November 04, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 7.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615. During the week the stock manages to hit a high of 532 and close the week around the levels of 487.

The stock has closed just below the 200 Daily SMA lying around the levels of 493 to 498. Minor support for the stock lies in the zone of 475 to 480. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 500 – 505 on upper side.

Axis Bank Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 24, 2016 – October 28, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615. During the week the stock manages to hit a high of 545 and close the week around the levels of 526.

Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615.

Broad range for the stock in the coming week can be 500 – 505 on lower side to 540 – 545 on upper side.

Axis Bank Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 17, 2016 – October 21, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 2.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying. During the week the stock manages to hit a low of 513 and close the week around the levels of 521.

Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615.

Broad range for the stock in the coming week can be 500 – 505 on lower side to 540 – 545 on upper side.

Axis Bank Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 10, 2016 – October 14, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 1.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 548 to 552 where medium term moving averages are lying. Resistance for the stock lies in the zone of 570 to 575 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615. During the week the stock manages to hit a high of 553 and close the week around the levels of 534.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 548 to 552 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615.

Broad range for the stock in the coming week can be 510 – 515 on lower side to 550 – 555 on upper side.

 

 

Axis Bank Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 03, 2016 – October 07, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 2.90%.

As we have mentioned last week that support for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where long term moving averages are lying. During the week the stock manages to hit a low of 523 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 548 to 552 where medium term moving averages are lying. Resistance for the stock lies in the zone of 570 to 575 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615.

Broad range for the stock in the coming week can be 515 – 520 on lower side to 565 – 570 on upper side.

Axis Bank Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 26, 2016 – September 30, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 7.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 610 to 615. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying. During the week the stock manages to hit a high of 612 and close the week around the levels of 557.

Support for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where long term moving averages are lying.

Resistance for the stock lies in the zone of 575 to 580 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615.

Broad range for the stock in the coming week can be 540 – 545 on lower side to 580 – 585 on upper side.

Axis Bank Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 19, 2016 – September 23, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 545 to 550 where medium term moving averages are lying. During the week the stock manages to hit a low of 583 and close the week around the levels of 602.

Minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 545 to 550 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 610 to 615. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 580 – 585 on lower side to 635 – 640 on upper side.

Axis Bank Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 12, 2016 – September 16, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 610 to 615 from where the stock has sold off in the month of July – 2015. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying. During the week the stock manages to hit a high of 638 and close the week around the levels of 613.

Minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 545 to 550 where medium term moving averages are lying.

The stock has closed around the resistance zone of 610 to 615 from where the stock has sold off in the month of July – 2015. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 580 – 585 on lower side to 635 – 640 on upper side.

Axis Bank Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 06, 2016 – September 09, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 595 to 600 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 604 and close the week around the levels of 599.

Minor support for the stock lies in the zone of 578 to 580. Support for the stock lies in the zone of 555 to 560 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 525 to 530 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 610 to 615 from where the stock has sold off in the month of July – 2015. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 575 – 580 on lower side to 615 – 620 on upper side.

Axis Bank Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 29, 2016 – September 02, 2016) :

AXIS BANK:

 

AXIS

 

Axis Bank closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 595 to 600 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 594 and close the week around the levels of 586.

Minor support for the stock lies in the zone of 573 to 575. Support for the stock lies in the zone of 550 to 555 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 595 to 600 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 560 – 565 on lower side to 605 – 610 on upper side.

Axis Bank Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 22, 2016 – August 26, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 590 to 600 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 598 and close the week around the levels of 589.

Minor support for the stock lies in the zone of 573 to 575. Support for the stock lies in the zone of 545 to 550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 595 to 600 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 560 – 565 on lower side to 605 – 610 on upper side.

Axis Bank Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 16, 2016 – August 19, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 4.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015 and July – 2016. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 593 and close the week around the levels of 591.

Minor support for the stock lies in the zone of 558 to 562. Support for the stock lies in the zone of 545 to 550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 590 to 600 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 555 – 560 on lower side to 605 – 610 on upper side.

Axis Bank Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 08, 2016 – August 12, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 3.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 569 and close the week around the levels of 567.

Minor support for the stock lies in the zone of 540. Support for the stock lies in the zone of 525 to 530 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015 and July – 2016. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 535 – 540 on lower side to 580 – 585 on upper side.

Axis Bank Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 01, 2016 – August 05, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 559 and close the week around the levels of 546.

Support for the stock lies in the zone of 525 to 530 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 520 – 525 on lower side to 565 – 570 on upper side.

Axis Bank Outlook for the Week (July 25, 2016 – July 29, 2016)

EquityPandit’s Outlook for Axis Bank for the week (July 25, 2016 – July 29, 2016):

AXIS BANK:

 

AXIS

 

Axis Bank closed the week on negative note losing around 4.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 548 to 550. Support for the stock lies in the zone of 530 to 535 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where medium term moving averages are lying. During the week the stock manages to hit a low of 533 and close the week around the levels of 538.

Support for the stock lies in the zone of 525 to 530 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 510 – 515 on lower side to 555 – 560 on upper side.

Axis Bank Outlook for the Week (July 18, 2016 – July 22, 2016)

EquityPandit’s Outlook for Axis Bank for the week (July 18, 2016 – July 22, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 3.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 550 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580. During the week the stock manages to hit a high of 570 and close the week around the levels of 565.

Minor support for the stock lies in the zone of 548 to 550. Support for the stock lies in the zone of 530 to 535 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 525 – 530 on lower side to 590 – 595 on upper side.

Axis Bank Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Axis Bank for the week (July 11, 2016 – July 15, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 550 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580. During the week the stock manages to hit a high of 548 and close the week around the levels of 546.

Minor support for the stock lies in the zone of 522 to 525. Support for the stock lies in the zone of 510 to 515 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 550 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580.

Broad range for the stock in the coming week can be 515 – 520 on lower side to 560 – 565 on upper side.

Axis Bank Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for Axis Bank for the week (July 04, 2016 – July 08, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 6.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 536 to 538 where the stock has formed a gap on 13/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 550 where the stock has formed a short term top. During the week the stock manages to hit a high of 546 and close the week around the levels of 543.

Minor support for the stock lies in the zone of 522 to 525. Support for the stock lies in the zone of 500 to 510 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 550 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580.

Broad range for the stock in the coming week can be 515 – 520 on lower side to 560 – 565 on upper side.

Axis Bank Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 27, 2016 – July 01, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 3.10%.

As we have mentioned last week that support for the stock lies in the zone of 495 to 500 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 493 and close the week around the levels of 510.

Support for the stock lies in the zone of 480 to 490 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 536 to 538 where the stock has formed a gap on 13/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 550 where the stock has formed a short term top.

Broad range for the stock in the coming week can be 475 – 480 on lower side to 530 – 535 on upper side.

Axis Bank Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 20, 2016 – June 24, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 2.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 480 to 485 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 516 and close the week around the levels of 527.

Support for the stock lies in the zone of 495 to 500 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 536 to 538 where the stock has formed a gap on 13/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 550 where the stock has formed a short term top.

Broad range for the stock in the coming week can be 500 – 505 on lower side to 550 – 555 on upper side.

Axis Bank Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 13, 2016 – June 17, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 550. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of July – August 2015. During the week the stock manages to hit a high of 549 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 480 to 485 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 550. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of July – August 2015.

Broad range for the stock in the coming week can be 515 – 520 on lower side to 560 – 565 on upper side.

Axis Bank Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 06, 2016 – June 10, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 530 to 540 from where the stock has sold off in the month of Oct – 2015. If the stock manages to close above these levels then the stock can move to the levels of 550. During the week the stock manages to hit a high of 545 and close the week around the levels of 543.

Minor support for the stock lies in the zone of 500 to 505. Support for the stock lies in the zone of 480 to 485 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 550. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of July – August 2015.

Broad range for the stock in the coming week can be 500 – 510 on lower side to 560 – 565 on upper side.

Axis Bank Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 30, 2016 – June 03, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 4.40%.

As we have mentioned last week that strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015. During the week the stock manages to hit a high of 525 and close the week around the levels of 512.

Minor support for the stock lies in the zone of 490 to 493. Support for the stock lies in the zone of 460 to 470 where 200 & 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 450 where short term moving averages & 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 530 to 540 from where the stock has sold off in the month of Oct – 2015. If the stock manages to close above these levels then the stock can move to the levels of 550.

Broad range for the stock in the coming week can be 490 – 495 on lower side to 540 – 545 on upper side.

Axis Bank Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 23, 2016 – May 27, 2016):

AXIS BANK:

 

AXIS

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015. During the week the stock manages to hit a high of 505 and close the week around the levels of 490.

Support for the stock lies in the zone of 460 to 470 where 200 & 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 450 where short term moving averages & 100 Daily SMA is lying.

Strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 510 – 515 on upper side.

Axis Bank Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 16, 2016 – May 20, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 6.30%.

As we have mentioned last week that the stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015. During the week the stock manages to hit a high of 507 and close the week around the levels of 490.

Support for the stock lies in the zone of 460 to 470 where 200 & 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 450 where short term moving averages & 100 Daily SMA is lying.

Strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 510 – 515 on upper side.

Axis Bank Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 09, 2016 – May 13, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 2.30%.

As we have mentioned last week that the stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015. During the week the stock manages to hit a high of 479 and close the week around the levels of 461.

Minor support for the stock lies in the zone of 450. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where 100 Daily SMA is lying.

The stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015.

Broad range for the stock in the coming week can be 440 – 445 on lower side to 475 – 480 on upper side.

Axis Bank Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 02, 2016 – May 06, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.70%.

As we have mentioned last week that the stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015. During the week the stock manages to hit a high of 485 and close the week around the levels of 472.

Minor support for the stock lies in the zone of 450. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where 100 Daily SMA is lying.

The stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 495 – 500 on upper side.

Axis Bank Outlook for the Week (April 25, 2016 – April 29, 2016)

EquityPandit’s Outlook for Axis Bank for the week (April 25, 2016 – April 29, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 7.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 460 to 465 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 480 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 479 and close the week around the levels of 475.

Minor support for the stock lies in the zone of 450. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where 100 Daily SMA is lying.

The stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 495 – 500 on upper side.

Axis Bank Outlook for the Week (April 18, 2016 – April 22, 2016)

EquityPandit’s Outlook for Axis Bank for the week (April 18, 2016 – April 22, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.50%.

As we have mentioned last week that support for the stock lies in the zone of 405 to 410 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016. During the week the stock manages to hit a low of 417 and close the week around the levels of 440.

Minor support for the stock lies in the zone of 425 to 430 where 100 Daily SMA is lying. Support for the stock lies in the zone of 412 to 417 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016.

Resistance for the stock lies in the zone of 460 to 465 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 420 – 425 on lower side to 455 – 460 on upper side.

Axis Bank Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Axis Bank for the week (April 11, 2016 – April 13, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 6.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 480 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 451 and close the week around the levels of 422.

Support for the stock lies in the zone of 405 to 410 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016.

Minor resistance for the stock lies in the zone of 430 where 100 Daily SMA is lying. Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 410 – 415 on lower side to 440 – 445 on upper side.

Axis Bank Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Axis Bank for the week (April 04, 2016 – April 08, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 2.80%.

As we have mentioned last week that support for the stock lies in the zone of 430 where 100 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016. During the week the stock manages to hit a low of 420 and bounce to close the week around the levels of 450.

Support for the stock lies in the zone of 430 where 100 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016.

Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 425 – 430 on lower side to 460 – 465 on upper side.

Axis Bank Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 28, 2016 – April 01, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 420. Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom. During the week the stock manages to hit a low of 434 and close the week around the levels of 437.

Support for the stock lies in the zone of 430 where 100 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016.

Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 415 – 420 on lower side to 455 – 460 on upper side.

Axis Bank Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 21, 2016 – March 23, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 420. Resistance for the stock lies in the zone of 440 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 460 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 437 and close the week around the levels of 437.

Minor support for the stock lies in the zone of 420. Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom.

Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 415 – 420 on lower side to 455 – 460 on upper side.

Axis Bank Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 14, 2016 – March 18, 2016):

 

AXIS BANK:

 

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.80%.

As we have mentioned last week that support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 374 and bounce to close the week around the levels of 417.

Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom.

Minor resistance for the stock lies in the zone of 420. Resistance for the stock lies in the zone of 440 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 460 where 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 390 – 400 on lower side to 435 – 440 on upper side.

Axis Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 08, 2016 – March 11, 2016):

 

AXIS BANK:

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 8.10%.

As we have mentioned last week that support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 374 and bounce to close the week around the levels of 417.

Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom.

Resistance for the stock lies in the zone of 440 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 460 where 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 385 – 390 on lower side to 435 – 440 on upper side.

Axis Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 29, 2016 – March 04, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.60%.

As we have mentioned last week that support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 377 and bounce to close the week around the levels of 386.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 400 to 405 where trend-line joining recent highs and short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016.

Broad range for the stock in the coming week can be 370 – 375 on lower side to 410 – 415 on upper side.

Axis Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 22, 2016 – February 26, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 410 to 415 where trend-line joining recent highs is lying. If the stock manages to close above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016. During the week the stock manages to hit a high of 422.5 and sold off to close the week around the levels of 392.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 410 to 415 where trend-line joining recent highs and short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016.

Broad range for the stock in the coming week can be 370 – 375 on lower side to 410 – 415 on upper side.

Axis Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 15, 2016 – February 19, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 373 and bounce to close the week around the levels of 391.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 410 to 415 where trend-line joining recent highs is lying. If the stock manages to close above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016.

Broad range for the stock in the coming week can be 370 – 375 on lower side to 410 – 415 on upper side.

Axis Bank Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 08, 2016 – February 12, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 400 to 410 where the stock has opened gap up on back of strong quarterly results. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 373 and close the week around the levels of 402.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom.

Broad range for the stock in the coming week can be 380 – 385 on lower side to 430 – 435 on upper side.

Axis Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 01, 2016 – February 05, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 3.6%.

As we have mentioned last week that resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom. During the week the stock manages to hit a high of 430 and retraced to close the week around the levels of 409.

Support for the stock lies in the zone of 400 to 410 where the stock has opened gap up on back of strong quarterly results. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom.

Broad range for the stock in the coming week can be 395 – 400 on lower side to 450 – 455 on upper side.

Axis Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 25, 2016 – January 29, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 13.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 400 to 405 from where the stock has broken down from the consolidation range. If the stock closes above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016. During the week the stock manages to bounce from the levels of 366 and close around the resistance zone of 430.

Support for the stock lies in the zone of 400 to 410 where the stock has opened gap up on back of strong quarterly results. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom.

The stock has formed a Bullish Engulfing pattern on weekly charts in a downtrend indicating the strong trend reversal.

Broad range for the stock in the coming week can be 395 – 400 on lower side to 450 – 455 on upper side.

Axis Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 18, 2016 – January 22, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 9.50%.

As we have mentioned last week that support for the stock lies in the zone of 380 to 400 where the stock has taken multiple support in the month of August – 2014 and October – 2014. If the stock closes below this levels then the stock can drift to the levels of 340 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 369 and close around the levels of 374.

Support for the stock lies in the zone of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. If the stock closes below this levels then the stock can drift to the levels of 310 from where the stock has broken out in the month of May – 2014.

Resistance for the stock lies in the zone of 400 to 405 from where the stock has broken down from the consolidation range. If the stock closes above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016.

Broad range for the stock in the coming week can be 345 – 350 on lower side to 400 – 405 on upper side.

Axis Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 11, 2016 – January 15, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 7.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 470. During the week the stock manages to hit a high of 449 and sold off to close the week around the levels of 416.

Support for the stock lies in the zone of 380 to 400 where the stock has taken multiple support in the month of August – 2014 and October – 2014. If the stock closes below this levels then the stock can drift to the levels of 340 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying.

Broad range for the stock in the coming week can be 385 – 390 on lower side to 445 – 450 on upper side.

Axis Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 04, 2016 – January 08, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that Resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying.. If the stock closes above this levels then the stock can move to the levels of 470. During the week the stock manages to hit a high of 460 and retraced to close the week around the levels of 450.

The stock has close below the strong support zone of 440 where 500 Daily SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 425 from where the stock has broken out in the month of October – 2014.

Resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 470.

The stock has formed a Shooting Star pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to close above the levels of 460 to negate this pattern.

Broad range for the stock in the coming week can be 430 – 435 on lower side to 465 – 470 on upper side.

Axis Bank Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for Axis Bank for the week (December 28, 2015 – January 01, 2016):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 4.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 445 to 450 from where the stock has broken down the descending triangle pattern. If the stock closes above this levels then the stock can move to the levels of 460 to 465. During the week the stock manages to hit a high of 455 and close the week around the levels of 450.

The stock has close below the strong support zone of 440 where 500 Daily SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 425 from where the stock has broken out in the month of October – 2014.

Resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying.. If the stock closes above this levels then the stock can move to the levels of 470.

Broad range for the stock in the coming week can be 435 – 440 on lower side to 460 – 465 on upper side.

Axis Bank Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for Axis Bank for the week (December 21, 2015 – December 24, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 2.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 445 to 450 from where the stock has broken down the descending triangle pattern. If the stock closes above this levels then the stock can move to the levels of 460 to 465. During the week the stock manages to hit a high of 443.65 and retraced to close the around the levels of 432.

The stock has close below the strong support zone of 440 to 445 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock does not sustain above this levels then the stock can drift to the levels of 425 from where the stock has broken out in the month of October – 2014.

Resistance for the stock lies in the zone of 445 to 450 from where the stock has broken down the descending triangle pattern. If the stock closes above this levels then the stock can move to the levels of 460 to 465.

The stock has formed a Inverted Hammer pattern on weekly charts in a downtrend indicating the exhaustion in selling pressure.

Broad range for the stock in the coming week can be 420 – 425 on lower side to 450 – 455 on upper side.

Axis Bank Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for Axis Bank for the week (December 14, 2015 – December 18, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 455 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 440 to 445 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a low of 436.5 and close at the lowest levels of the week.

The stock has close around the strong support zone 440 to 445 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 425 from where the stock has broken out in the month of October – 2014.

Resistance for the stock lies in the zone of 445 to 450 from where the stock has broken down the descending triangle pattern. If the stock closes above this levels then the stock can move to the levels of 460 to 465.

Broad range for the stock in the coming week can be 420 – 425 on lower side to 450 – 455 on upper side.

Axis Bank Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for Axis Bank for the week (December 07, 2015 – December 11, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 1.90%.

As we have mentioned last week that support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a low of 456 and bounce to close the week around the levels of 462.

Support for the stock lies in the zone of 455 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 440 to 445 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 445 – 450 on lower side to 475 – 480 on upper side.

Axis Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 30, 2015 – December 04, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 2.40%.

As we have mentioned last week that support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a low of 459 and bounce to close the week around the levels of 471.

Support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 440 to 445 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 485 – 490 on upper side.

Axis Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 23, 2015 – November 27, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 5.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off. During the week the stock manages to hit a high of 485 and sold off to close the week around the levels of 460.

Support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 485 – 490 on upper side.

Axis Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 16, 2015 – November 20, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 4.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off. During the week the stock manages to hit a high of 487 and close the week around the levels of 485.

Support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 485 – 490 on upper side.

Axis Bank Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 09, 2015 – November 13, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 2.3%.

As we have mentioned last week that support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a low of 459.5 and bounce to close the week around the levels of 464.

Support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 455 – 460 on lower side to 480 – 485 on upper side.

Axis Bank Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 02, 2015 – November 06, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 9.5%.

As we have mentioned last week that resistance for the stock lies in the zone of 540 to 550 where 100 and 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 580 to 590 where trend-line joining highs is positioned. During the week the stock manages to hit a high of 532 and sold off on back of quarterly results to the levels of 475.

Support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 495 to 500 where the stock has opened gap down on back of quarterly results. If the stock manages to close above this levels then the stock can move to the levels of 540 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 495 – 500 on upper side.

Axis Bank Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 26, 2015 – October 30, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 4.4%.

As we have mentioned last week that resistance for the stock lies in the zone of 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned. During the week the stock manages to hit a high of 527 and close the week at virtually the highest point.

Support for the stock lies in the range of 490 to 500 where short term moving averages and trend-line support for the stock are positioned.

Resistance for the stock lies in the zone of 540 to 550 where 100 and 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 580 to 590 where trend-line joining highs is positioned.

Broad range for the stock in the coming week can be 500 – 505 on lower side to 540 – 550 on upper side.

Axis Bank Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 19, 2015 – October 23, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 2.9%.

As we have mentioned last week that support for the stock lies in the range of 465 to 475 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 450. During the week the stock manages to hit a low of 485 and bounce back to close the week around the levels of 505.

Support for the stock lies in the range of 480 to 485 where the stock has made the triple bottom. If the stock closes below this levels then the stock can drift to the levels of 460 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 480 – 485 on lower side to 520 – 530 on upper side.

Axis Bank Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 12, 2015 – October 16, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 1.1%.

As we have mentioned last week that resistance for the stock lies in the zone of 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned. During the week the stock manages to hit a high of 518 and retraced back to close the week around the levels of 490.

Support for the stock lies in the range of 465 to 475 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 450.

Resistance for the stock lies in the zone of 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 460 – 470 on lower side to 520 – 530 on upper side.

Axis Bank Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 05, 2015 – October 09, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 3.5%.

As we have mentioned last week that support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480. During the week the stock manages to hit a low of 485 and close the week around the levels of 496.

Resistance for the stock lies in the zone of 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

Support for the stock lies in the range of 470 to 480. If the stock closes below this levels then the stock can drift to the levels of 450.

Broad range for the stock in the coming week can be 470 – 480 on lower side to 530 – 540 on upper side.

Axis Bank Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 28, 2015 – October 02, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 0.6%.

As we have mentioned last week that support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480. During the week the stock hit a low of 497 and bounce to close the week around the levels of 514.

Support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480.

Resistance for the stock lies in the zone of 525 where 50 EMA is lying. If the stock manages to close above the levels of 525 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

The stock has formed a Doji pattern on weekly charts in an uptrend indicating the indecision amongst the traders about the further direction of the stock.

Broad range for the stock in the coming week can be 470 – 480 on lower side to 530 – 540 on upper side.

Axis Bank Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 21, 2015 – September 25, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 7.5%.

As we have mentioned last week that if the stock manages to close above the levels of 500 to 510 the stock can move to the levels of 540 where 100 and 200 Daily SMA are positioned and the stock manages to hit a high of 520 and close the week around the levels of 517.

Support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480.

Resistance for the stock lies in the zone of 510 to 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 470 – 480 on lower side to 530 – 540 on upper side.

Axis Bank Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 14, 2015 – September 18, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 3%.

As we have mentioned last week that if the stock drifts below the levels of 475, the stock can correct to the levels of 400 where next important support for the stock is lying and the stock hit a low of 446 during the week and bounced back to the levels of 481.

As we have informed that if the stock manages to close above the levels of 475 where channel support for the stock is positioned, then the stock can move to the levels of 500 and the stock manages to hit a high of 495 during the week.

If the stock breaks below the levels of 450 the stock can drift to the levels of 400 where 500 Daily SMA and 100 Weekly SMA are lying.

If the stock manages to close above the levels of 500 to 510 the stock can move to the levels of 540 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 440 – 450 on lower side to 500 – 510 on upper side.

Axis Bank Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 07, 2015 – September 11, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 8%.

As we have mentioned last week that if the stock manages to close above the levels of 525 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned, but the stock manages to hit a high of 518 and sold off to the levels of 462.

During the week the stock has broken down from the downward moving channel positioned around the levels of 475, in which the stock is moving since March – 2015.

If the stock drifts below the levels of 475, the stock can correct to the levels of 400 where next important support for the stock is lying.

If the stock manages to close above the levels of 475 where channel support for the stock is positioned, then the stock can move to the levels of 500.

Broad range for the stock in the coming week can be 440 – 450 on lower side to 500 – 510 on upper side.

Axis Bank Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Axis Bank for the week (August 31, 2015 – September 04, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 3%.

As we have mentioned last week that the stock has broke below all the major support zone and it seems the stock can move to sub 500 levels. The stock hit a low of 475 during the week and bounce to the levels of 508.

During the week the stock has taken support around the downward moving channel positioned around the levels of 470, in which the stock is moving since March – 2015.

If the stock manages to close above the levels of 525 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

If the stock drifts below the levels of 475, the stock can correct to the levels of 400 where next important support for the stock is lying.

The stock has formed a Doji pattern on weekly charts in downtrend indicating the exhaustion of selling pressure.

Broad range for the stock in the coming week can be 470 – 480 on lower side to 550 – 560 on upper side.

Axis Bank Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Axis Bank for the week (August 24, 2015 – August 28, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 8%.

The stock has broke below all the major support zone and it seems the stock can move to sub 500 levels.

Support for the stock lies in the zone of 500 to 510 from where the stock has managed to bounce back on previous occasions.

Resistance for the stock lies in the zone of 540 to 550 where short term moving averages and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 490 – 500 on lower side to 550 – 560 on upper side.

Axis Bank Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Axis Bank for the week (August 17, 2015 – August 21, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2%.

As we have mentioned last week that the stock is facing significant resistance in the zone of 590 where trend-line for the stock is lying and the stock hit a high of 585 and corrected to the levels of 555 before closing the week around the levels of 570.

The stock is facing stiff resistance around the zone of 590. if the stock manages to close above the levels of 590 the stock can move to the levels of 610.

Support for the stock lies in the zone of 560 to 570 where 50 Daily EMA and 100 Daily SMA are lying.

Resistance for the stock lies in the range of 600 to 610.

Broad range for the stock in the coming week can be 555 – 565 on lower side to 610 – 620 on upper side.

Axis Bank Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Axis Bank for week (August 10, 2015 – August 14, 2015):

 

AXIS BANK:

 

axisbank

Axis Bank closed the week on positive note gaining around 1%.

As we have mentioned last week that the stock has formed a Hammer pattern on weekly charts in downtrend indicating the trend reversal. If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where trend-line resistance for the stock lies and the stock made a high of 590 and retraced to the levels of 570 before closing the week on 580 levels.

The stock is facing significant resistance in the zone of 590 where trend-line for the stock is lying. If the stock manages to close above the levels of 590 the stock can move to the levels of 610.

Support for the stock lies in the zone of 560 to 570 where 50 Daily EMA and 100 Daily SMA are lying.

Resistance for the stock lies in the range of 600 to 610.

Broad range for the stock in the coming week can be 555 – 565 on lower side to 610 – 620 on upper side.

Axis Bank Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Axis Bank for week (August 03, 2015 – August 07, 2015):  

 

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 1%.

As we have mentioned last week that the stock has formed a Bearish Harami pattern on Weekly Charts in an medium term uptrend which indicates the trend reversal and the stock corrected to the levels of 550 before bouncing back to the levels of 580.

The stock has formed a Hammer pattern on weekly charts in downtrend indicating the trend reversal. If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where trend-line resistance for the stock lies.

Support for the stock lies in the zone of 560 to 570 where 50 Daily EMA and 100 Daily SMA are lying.

Resistance for the stock lies in the range of 600 to 610.

Broad range for the stock in the coming week can be 555 – 565 on lower side to 610 – 620 on upper side.

Axis Bank Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Axis Bank for week (July 27, 2015 – July 31, 2015):

 

AXIS BANK:

 

axisbank

Axis Bank closed the week on negative note losing around 4%.

As we have mentioned last week that the stock has formed a Bearish Harami pattern on the daily charts in the uptrend indicating the trend reversal. The stock has to closed above the levels of 613 to negate this pattern. The stock could not closed above the levels of 613 and sold off during the week to the levels of 580.

The stock has formed a Bearish Harami pattern on Weekly Charts in an medium term uptrend which indicates the trend reversal. The stock has to sustain above the levels of 610 on weekly basis to negate this pattern.

Support for the stock lies in the zone of 560 to 570 where 50 Daily EMA and 100 Daily SMA are lying.

Resistance for the stock lies in the range of 600 to 610.

Broad range for the stock in the coming week can be 555 – 565 on lower side to 610 – 620 on upper side.