Axis Bank Outlook for the Week (Aug 17,2020 – Aug 21,2020)

For the Week: (Aug 17,2020– Aug 21,2020).

ISIN: INE238A01034

Weekly Low: 425.60.

AXIS Bank closed the Weekly on flat note.

Weekly Range: 31.15 Points.

RESISTANCE 2.
470.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandits Predicts Range for the Weekly as 470 on upside and 408 on disadvantage.

Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 422 levels, Minor resistance on the upside is topped around 453 levels.

ASSISTANCE 2.
408

ASSISTANCE 1.
422.

If stock breaches small support on the drawback and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 408 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 470.

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Weekly High: 456.75.

AXISBank Share Price: 435.85 (NSE).

Weekly Support & & Resistance For Axis Bank:.

On everyday chart basis, Prices are seen specifically moving within increasing channel and currently placed near the channel support. In brief trend If rate moves listed below this assistance we can see more weakness towards disadvantage

RESISTANCE 1.
453.

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Stock is trading below 200 days rapid moving average, suggests long term trend is bearish. EquityPandits Predicts Range for the Weekly as 460 on benefit and 407 on drawback.