AXIS BANK

Axis Bank Outlook for the Week (July 19, 2021 – July 23, 2021)

AXISBANK Weekly Outlook and Analysis:

For the Week: (July 19, 2021 – July 23, 2021)

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

AXISBank Share Price: 770.15 (NSE)

AXISBank closed the Weekly on Positive Note Gaining  3.18%

Weekly High: 778.25

Weekly Low: 748.30

Weekly Range: 29.95 Points

Weekly Support & Resistance For Axis Bank:

RESISTANCE 2795
RESISTANCE 1783
SUPPORT 1753
SUPPORT 2735

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 753 levels, Minor resistance on the upside is capped around 783 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 @ 735 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 @795

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 795 on upside and 735 on downside.

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