Weekly charts represents series of data points where each data point is comprised of the price movement for a single week of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
Axis Bank looks weak on the weekly charts post confirmation from RSI and a converging MACD. It could move towards 669/ 650 in the near term with SL of 721. One may sell on rise for a better risk- reward Or take low volume trade.
Note : Should make a low below 681 in the coming week.