EquityPandit’s Outlook for Axis Bank for the week (July 20,2020 – July 24, 2020):

AXIS BANK:

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

Stock closed the week on Negative note losing 1.50%

Week High:446.40

Week Low: 415.40

Week Range:31 Points

AXIS Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 422.50 levels, Minor resistance on the upside is capped around 444 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 @ 415 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 @451

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 451 on upside and 415 on downside.

WEEKLY PIVOT LEVELS: