AXIS BANK

Axis Bank Outlook for the Week (Oct 04,2021 – Oct 08,2021)

AXISBANK Weekly Outlook and Analysis:

For the Week: (Oct 04,2021 – Oct 08,2021)

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

AXISBank Share Price: 768.15 (NSE)

AXISBank closed the Weekly on Negative Note losing  3.75%

Weekly High: 808.80

Weekly Low: 754

Weekly Range: 54.80 Points

Weekly Support & Resistance For Axis Bank:

RESISTANCE 2830
RESISTANCE 1800
SUPPORT 1745
SUPPORT 2722

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 745 levels, Minor resistance on the upside is capped around 800 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 @ 722 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 @ 830

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 830 on upside and 722 on downside.

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