AXISBANK Weekly Outlook and Analysis:
For the Week: (Jun 06, 2022 – Jun 10, 2022)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 677.30(NSE)
AXISBank closed the Weekly on Negative note losing 1.60%
Weekly High: 698
Weekly Low: 673.15
Weekly Range: 24.85 Points
Weekly Support & Resistance For Axis Bank:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 667 levels, Minor resistance on the upside is capped around 692 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 @ 657 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 @ 707
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 707 on upside and 657 on downside.