To determine the support and resistance levels for Axis Bank (AXISBANK), we analyze recent price action, key technical indicators, and historical price levels. Here’s an assessment based on the data:
Support Levels ₹1,058-₹1,060: This range represents the recent intraday low and a critical level where buyers have previously shown interest. ₹1,040-₹1,045: A strong support level observed from prior consolidation zones. ₹995-₹1,000: The 52-week low, acting as a major support zone. Resistance Levels ₹1,070-₹1,075: A near-term resistance where selling pressure has been observed during intraday trades. ₹1,100-₹1,105: A psychological barrier and previous short-term peak. ₹1,125-₹1,130: A critical resistance level seen in past price movements. ₹1,339-₹1,340: The 52-week high and a long-term resistance point. These levels are dynamic and may shift with new market data or significant trading volumes. If you'd like detailed technical charts or indicators for a precise breakdown, let me know!
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