Axis Bank Outlook for the Week Sept 28,2020 – Oct 01,2020)

If stock breaches minor support on the disadvantage and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 375 and If stock breaches small resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 464.

Weekly Range: 43.85 Points.

Weekly High: 444.00.

AXISBank Share Price: 415.05 (NSE).

Stock is trading below 200 days rapid moving average, recommends long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 464 on upside and 375 on disadvantage.

? Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 395 levels, Minor resistance on the advantage is capped around 440 levels.

RESISTANCE 1.
440.

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

RESISTANCE 2.
464.

SECTOR: BANKS.

Today structure shows that AXISBANK share rate relocating breakdown phase of head and shoulder pattern on daily chart basis. For coming week 400 levels would be crucial assistance in the near term as any breach of this level will invite incremental weakness.

SUPPORT 1.
395.

For the Week: Sept 28,2020– Oct 01,2020).

Weekly Support & & Resistance For Axis Bank:.

AXISBank closed the Weekly on unfavorable note losing 6.38%.

Weekly Low: 400.15.

ASSISTANCE 2.
375.