BUY ON DEEP IN
Technical Analysis of AXIS BANK LTD (1H Chart - NSE)
- Support and Resistance Levels: Resistance Levels:
1,115.90: This is near the 0.5 Fibonacci retracement level (1,114.15), which acts as a key resistance.
1,192.70: This aligns with the 0.382 Fibonacci retracement level (1,190.10), marking a significant resistance zone.
Support Levels:
1,093.95 - 1,101.05: This is a near-term support zone where the price is currently consolidating.
1,038.15: The 0.618 Fibonacci retracement level, a strong support area.
930.00: The 0.786 Fibonacci retracement level, representing a deeper support if selling pressure increases.
- Technical Indicators & Trend Analysis: Fibonacci Retracement:
The price is currently testing the 0.5 retracement level, which is a crucial resistance.
If it breaks above 1,115, the next target is 1,190.
If rejected, a drop towards 1,038-1,024 is possible.
Relative Strength Index (RSI):
RSI recently hit the overbought zone (above 70) and has given a "Bear" signal, indicating a possible pullback.
Previous "Bear" signals led to corrections, suggesting caution.
Trend Strength:
The stock has been in a strong uptrend from 930 to 1,100+, indicating bullish momentum.
However, price is now consolidating near resistance, meaning a breakout or reversal could follow.
- Target and Stop Loss: Bullish Case (If 1,115 is broken)
Target 1: 1,190-1,192 (Key resistance)
Stop Loss: Below 1,038 (Fibonacci 0.618 level)
Bearish Case (If 1,115 holds as resistance)
Target 1: 1,038-1,024 (Strong support zone)
Target 2: 930 (Major support at 0.786 Fibonacci)
Stop Loss: Above 1,115
Final View: Bullish above 1,115 with a target of 1,190.
Bearish below 1,100 with a downside target of 1,038 and 930.
AXIS BANK LTD - Multi-Timeframe Technical View
- Short-Term View (Next Few Days to 1 Week) ๐น Current Trend: Price is consolidating near the 1,115 resistance level (0.5 Fibonacci). ๐น Indicators:
RSI gave a Bearish signal, suggesting a possible short-term pullback.
If price sustains above 1,115, bullish momentum can continue.
If rejected, price may revisit 1,093 – 1,038 as support.
๐ Short-Term Strategy:
Bullish above 1,115 → Target: 1,190 | Stop-Loss: 1,093
Bearish below 1,100 → Target: 1,038 | Stop-Loss: 1,120
- Medium-Term View (1-3 Months) ๐น Trend: The stock has recovered strongly from 930 levels and is testing key resistance. ๐น Fibonacci Levels:
A breakout above 1,115 may lead to 1,190 (0.382 Fib level).
A rejection can push price towards 1,038 or 930 for accumulation. ๐น RSI Trend: Historically, every "Bear" RSI signal has resulted in pullbacks before another rally.
๐ Medium-Term Strategy:
Bullish case: Buy above 1,115 for 1,190 | Stop-loss: 1,038
Bearish case: If rejected at 1,115, short with a target of 1,038-930
- Long-Term View (6+ Months) ๐น Trend:
The stock remains in a long-term downtrend, but a breakout above 1,192 could confirm a trend reversal.
If price sustains above 1,190, it may move toward 1,250+ levels.
A deeper correction below 930 may trigger a longer-term bearish phase.
๐ Long-Term Strategy:
Bullish View: Sustained breakout above 1,190 → Possible target 1,250 – 1,300
Bearish View: If it fails to hold 930, next strong support is 850 – 800
Summary Timeframe Trend Key Levels Target Stop-Loss Short-Term Neutral to Bearish 1,115 (Resistance) 1,038 – 1,190 1,093 – 1,120 Medium-Term Bullish above 1,115 1,038 – 1,190 1,190+ 1,038 Long-Term Bullish above 1,190 930 – 1,300 1,250 – 1,300 930 ๐ Watch price action near 1,115 for confirmation!
Trend Analysis for AXIS BANK LTD ✅ Current Trend: Uptrend in short-term, but facing resistance.
- Short-Term Trend (Next Few Days to 1 Week) → Sideways to Bearish ๐ Why?
Price is struggling near resistance at 1,115 (0.5 Fibonacci level).
RSI shows bearish divergence – could lead to a short-term pullback.
If it breaks below 1,100, price may test 1,038 support.
๐น Conclusion: Short-term sideways to bearish unless price breaks above 1,115.
- Medium-Term Trend (1-3 Months) → Bullish Above 1,115 ๐ Why?
The stock has recovered from 930 to 1,100+ (strong uptrend).
A breakout above 1,115 → Upside move to 1,190-1,200.
If rejected, it could revisit 1,038 or 930 before moving higher.
๐น Conclusion: Medium-term bullish above 1,115, but cautious below 1,100.
- Long-Term Trend (6+ Months) → Needs Confirmation ๐ Why?
Downtrend since late 2024, but recent recovery is positive.
Needs to break 1,190 resistance to confirm a long-term trend reversal.
If price fails at 1,190, it may go back to 930 or lower.
๐น Conclusion: Long-term trend is neutral; bullish only if it crosses 1,190.
Final Trend Summary: ๐ Short-Term: Sideways to bearish (Resistance at 1,115) ๐ Medium-Term: Bullish above 1,115, target 1,190+ ๐ Long-Term: Needs breakout above 1,190 for strong bullish confirmation
๐ด If 1,115 holds as resistance → Downtrend towards 1,038. ๐ข If 1,115 breaks → Uptrend towards 1,190+. ๐
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