Axis Bank Outlook for the Week (June 29, 2020 – July 03, 2020)

EquityPandits Outlook for Axis Bank for the week (June 29, 2020– July 03, 2020):.

ISIN: INE238A01034

Week Range: 38.15 Points.

Week Low: 410.35.

Week High: 448.50.

Stock closed the week on positve note acquiring 1.87%.

AXIS Bank Ltd

WEEKLY PIVOT LEVELS:.

RESISTANCE 1.
445.

If stock breaches small support on the disadvantage and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 384 and If stock breaches small resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 467.

RESISTANCE 2.
466.

SUPPORT 2.
389.

Stock is trading below 200 days rapid moving average, recommends long term pattern is bearish. EquityPandits Predicts Range for the week as 467 on benefit and 384 on downside

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. Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at405.50 levels, Minor resistance on the upside is capped around 448 levels.

SECTOR: BANKS.

ASSISTANCE 1.
407.

Axis BankAxis Bank OutlookAxis Bank Stock Movement.