AXIS BANK

Axis Bank Outlook for the Week (May 16, 2022 – May 20, 2022)

Check AXIS BANK Full Analysis At Unicorn Signals

AXISBANK Weekly Outlook and Analysis:

For the Week: (May 16, 2022 – May 20, 2022)

Axis Bank Outlook for the Week (May 16, 2022 – May 20, 2022)

Check AXIS BANK Full Analysis At Unicorn Signals

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

AXISBank Share Price: 673.40 (NSE)

AXISBank closed the Weekly on Negative Note Losing  7.58%

Weekly High: 738.20

Weekly Low: 668.10

Weekly Range: 70 Points

Weekly Support & Resistance For Axis Bank:

RESISTANCE 2763
RESISTANCE 1718
SUPPORT 1648
SUPPORT 2623
Axis Bank Outlook for the Week (May 16, 2022 – May 20, 2022)

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 648 levels, Minor resistance on the upside is capped around 718 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 @ 623 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 @ 763

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 763 on upside and 623 on downside.

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