Axis Bank Outlook for the Week (Oct 12,2020 – Oct 16,2020)

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

If stock breaches small support on the downside and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 428 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 @ 490.

On daily chart we can see AXIS BANK share price are sustaining above 0.786 of Fibonacci Retracement. Stock formed a Bullish candle on the daily chart and closed above 100 EMA level in previous session. For the near term stock can move upside towards 485 levels.

Weekly High: 469.80.

Weekly Low: 439.05.

NSE: AXISBANK

RESISTANCE 1.
479.

ASSISTANCE 1.
448.

AXISBank Share Price: 468.05 (NSE).

On day-to-day chart we can see AXIS BANK share rate are sustaining above 0.786 of Fibonacci Retracement. Stock formed a Bullish candle on the day-to-day chart and closed above 100 EMA level in previous session. For the near term stock can move upside towards 485 levels.

? Technically on the daily charts EquityPandits Analyst see: Minor support on the disadvantage lies at 448 levels, Minor resistance on the benefit is capped around 479 levels.

Weekly Support & & Resistance For Axis Bank:.

Weekly Range: 30.75 Points.

RESISTANCE 2.
490.

SECTOR: BANKS.

SUPPORT 2.
428.

For the Week: (Oct 12,2020– Oct 16,2020).

Stock is trading below 200 days rapid moving average, suggests long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 490 on benefit and 428 on drawback.

AXISBank closed the Weekly on favorable note getting 5.48%.