EquityPandit’s Outlook for Axis Bank for the week (July 15, 2019 – July 19, 2019):

AXIS BANK:

AXIS Bank Ltd.

BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS

Stock closed the week on negative note losing -6.24%

Week High: 803.65

Week Low: 751.00

Week Range: 52.65 Points

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Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 740 levels, Minor resistance on the upside is capped around 780 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 720 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 @ 800

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 780 on upside and 740 on downside.