- Axis Bank is trading under its 25 & 50 day Moving Average which depicts that & Short Term & Intermediate trend is weak
- However Stock is trying to take support at 1156.65, which is the 50% retracement of its previous Downfall from 1549- 763, thereby a bounce to 1200 is likely to relieve oversold situation.
- RSI on daily chart are still negatively poised.
- Volume is irregular.
- Further support is at 1133, 1108.
- Resistance 1200, 1227.
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