Axis Bank Outlook for the Week (Sept 21,2020 – Sept 25,2020)

If stock breaches minor assistance on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 426 and If stock breaches minor resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 464.

ASSISTANCE 1.
435.

RESISTANCE 1.
454.

Weekly Low: 435.90.

For the Week: (Sept 21,2020– Sept 25,2020).

RESISTANCE 2.
464.

Weekly Range: 19.10 Points.

AXISBank Share Price: 443.35 (NSE).

AXISBank closed the Weekly on negative note losing 1.75%.

Today structure reveals that AXISBANK share price moving in the kind of head and shoulder pattern on day-to-day chart basis. The level 427-425 would be important assistance in the near term as any breach of this level will welcome incremental weak point.

Weekly High: 455.00.

SECTOR: BANKS.

Stock is trading below 200 days rapid moving average, recommends long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 464 on advantage and 426 on downside.

Weekly Support & & Resistance For Axis Bank:.

? Technically on the everyday charts EquityPandits Analyst see: Minor support on the disadvantage lies at 435 levels, Minor resistance on the advantage is capped around 454 levels.

SECTOR: BANKS.

ASSISTANCE 2.
426.