EquityPandit’s Outlook for Axis Bank for the week (July 06, 2020 – July 10, 2020):

AXIS BANK:

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

Stock closed the week on positve note gaining 0.84%

Week High:441.50

Week Low: 402.35

Week Range:39.15 Points

AXIS Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 417 levels, Minor resistance on the upside is capped around 435 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 @ 412 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 @445

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 445 on upside and 412 on downside.

WEEKLY PIVOT LEVELS: