EquityPandit’s Outlook for Axis Bank for the week (June 22, 2020 – June 26, 2020):

AXIS BANK:

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

Stock closed the week on positve note gaining 2.22%

Week High:422.30

Week Low:360.40

Week Range: 61.90 Points

AXIS Bank Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at402.50 levels, Minor resistance on the upside is capped around 430 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 @ 392 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 @443

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the week as 443 on upside and 392 on downside.

WEEKLY PIVOT LEVELS: