Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (May 3,2021 – May 7,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 714.90 (NSE)
AXISBank closed the Weekly on Positive Note Gaining 6.49%
Weekly High: 729.85
Weekly Low: 684.10
Weekly Range: 45.75 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 754 |
| RESISTANCE 1 | 734 |
| SUPPORT 1 | 690 |
| SUPPORT 2 | 665 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 690 levels, Minor resistance on the upside is capped around 734 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 @ 665 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 @754.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 754 on upside and 665 on downside.
The present structure shows that AXIS BANK share price are moving above trend line support. Stock looks to be positive. Move to-wards 785 levels can be expected on upside.
