Axis Bank Outlook for the Week (Oct 05,2020 – Oct 09,2020)

For the Week: (Oct 05,2020– Oct 09,2020).

ISIN: INE238A01034

? Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 426 levels, Minor resistance on the advantage is topped around 453 levels.

AXISBank Share Price: 443.70 (NSE).

AXISBank closed the Weekly on favorable note acquiring 6.90%.

Weekly Support & & Resistance For Axis Bank:.

SUPPORT 2.
409.

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

Stock is trading below 200 days rapid moving average, suggests long term trend is bearish. EquityPandits Predicts Range for the Weekly as 463 on upside and 409 on downside.

RESISTANCE 1.
453.

Weekly Low: 418.05.

On daily chart we can see AXIS BANK share rate are sustaining above 61.8% of Fibonacci Retracement. If we look from an immediate short-term angle, to continue to move greater stock requirement to close above 100 EMA levels.

Weekly High: 445.30.

If stock breaches minor support on the downside and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 409 and If stock breaches minor resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 463.

RESISTANCE 2.
463.

Weekly Range: 27.25 Points.

ASSISTANCE 1.
426.