AXIS BANK

Axis Bank Outlook for the Week (Nov 22,2021 – Nov 26,2021)

AXISBANK Weekly Outlook and Analysis:

For the Week: (Nov 22,2021 – Nov 26,2021)

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

AXISBank Share Price: 706.35 (NSE)

AXISBank closed the Weekly on Negative Note Losing  4.04%

Weekly High: 744

Weekly Low: 701.90

Weekly Range: 42.10 Points

Weekly Support & Resistance For Axis Bank:

RESISTANCE 2759
RESISTANCE 1732
SUPPORT 1690
SUPPORT 2675

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 732 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 @ 675 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 @ 759

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit’s Predicts Range for the Weekly as 759 on upside and 675 on downside.

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