AXISBANK Weekly Outlook and Analysis:
For the Week: (April 05,2021 – April 09,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 713(NSE)
AXISBank closed the Weekly on Positive Note Gaining 2.12%
Weekly High: 717
Weekly Low: 691
Weekly Range: 26 Points
Weekly Support & Resistance For Axis Bank:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 697 levels, Minor resistance on the upside is capped around 723levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 681 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @733
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 733 on upside and 681on downside.
The present structure shows that AXIS BANK share price is trading below trend line support. For the near term, the zone of 680 has now become a temporary immediate support for the stock. Break above 717 level will take price towards higher side.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 460 on upside and 407 on downside.