Signals, Powered By EquityPandit
AXISBANK Weekly Outlook and Analysis:
For the Week: (Oct 11,2021 – Oct 15,2021)
BSE: 532215| NSE: AXISBANK| ISIN: INE238A01034| SECTOR: BANKS
AXISBank Share Price: 781.95 (NSE)
AXISBank closed the Weekly on Positive Note Gaining 1.80%
Weekly High: 794.20
Weekly Low: 770.30
Weekly Range: 23.90 Points
Weekly Support & Resistance For Axis Bank:
| RESISTANCE 2 | 806 |
| RESISTANCE 1 | 794 |
| SUPPORT 1 | 770 |
| SUPPORT 2 | 758 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 770 levels, Minor resistance on the upside is capped around 794 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 @ 758 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 @ 806
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the Weekly as 806 on upside and 758 on downside.
