Weekly Chart Analysis on

AXISBANK

Axis Bank – Weekly Investor Note Technical View (Weekly) Axis Bank (₹1,105) has shown a rebound from support near ₹1,045–₹1,050, though it remains under pressure below key moving averages. The stock trades around the 20 EMA (₹1,115) and just under the 50 EMA (₹1,125), while the 100 EMA (₹1,165) acts as strong resistance. The 200 EMA (₹975) provides long-term support, keeping the broader uptrend intact. Indicators are mixed RSI (49) shows neutral momentum, MACD is still negative but flattening, and Parabolic SAR dots above price suggest bears still have the edge. A breakout above ₹1,130 could push the stock towards ₹1,165–₹1,200, while failure to sustain may retest ₹1,050 and even ₹975. Fundamental View Business Model & Strengths: Axis Bank is one of India’s leading private sector banks with diversified operations in retail banking, corporate lending, SME finance, wealth management, and treasury services. Strong brand equity and wide distribution network (branch + digital) provide competitive advantage.