Bullish Reversal on Axis Bank | Falling Wedge + Demand Zone

Sep 16

📝 Analysis: Axis Bank (1H Chart)

Pattern: Price formed a Falling Wedge, a bullish reversal pattern.

CHoCH (Change of Character): Market structure shift confirms that bearish momentum has weakened and bulls have taken control.

Order Block: A bullish order block has been identified around ₹1,120 – ₹1,100, which is acting as a demand zone.

Entry: Current price has tapped into the order block zone, offering a potential long opportunity.

Targets:

TP1: ₹1,170

TP2: ₹1,200

Stop Loss: Below ₹1,090 (order block invalidation).

📌 Trade Idea:

Bias: Bullish

Risk-Reward Ratio: Favourable if entries are taken around the order block.

Confirmation: Further bullish candles from this zone strengthen the case for upside continuation.

Sep 17

Trade active

Oct 3

Trade closed: target reached