AXIS BANK

Axis Bank Outlook for the Week (August 09,2021 – August 13,2021)

AXISBANK Weekly Outlook and Analysis:

For the Week: (August 09,2021 – August 13,2021)

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

AXISBank Share Price: 740.85 (NSE)

AXISBank closed the Weekly on Positive Note Gaining  4.51%

Weekly High: 757.65

Weekly Low: 712

Weekly Range: 45.65 Points

Weekly Support & Resistance For Axis Bank:

RESISTANCE 2780
RESISTANCE 1760
SUPPORT 1715
SUPPORT 2691

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 715 levels, Minor resistance on the upside is capped around 760 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 @ 691 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 @780

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 780 on upside and 691 on downside.

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