AXISBANK – 1D Timeframe

📊 AXISBANK – DAILY CHART (1D TIMEFRAME)
📅 Date: July 18, 2025
Closing Price: ₹1,099

Change: –₹60.50 (–5.2%)

Intraday Range: ₹1,074 (Low) – ₹1,159 (High)

52‑Week Range: ₹867 – ₹1,186

YTD Return: Approx. +8%

Volume: Heavier than average, indicating strong selling pressure.

⚠️ MARKET CONTEXT & TREND
Bearish Trend: Axis Bank has broken below key support zones.

Oversold RSI: While it suggests possible short-term bounce, confirmation is needed.

Strong ADX: Indicates trend strength is increasing — in this case, on the downside.

High Volume Sell-off: Indicates institutional or heavy selling pressure.

No reversal indicators yet – MACD is still negative and falling.

🔍 SUMMARY VIEW
Trend: Strongly Bearish

Momentum: Weak, heavily oversold

Volatility: High

Reversal Signs: Not yet confirmed

Short-Term Outlook: Bearish to sideway unless price reclaims ₹1,120–1,150 zone

🔮 WHAT TO WATCH NEXT
Reversal Confirmation: Look for RSI climbing back above 30 and MACD crossover.

Volume Drop on Red Days: If selling volume dries up, it may signal weakening bears.

Breakout above ₹1,150: Could confirm fresh buying and trend reversal.

Further Drop Below ₹1,070: Could lead to panic selling and deeper correction