The chart of AXIS Bank examined and found that the stock is ready to break the important levels, on tomorrow if the stock closes below the 640 levels again, traders can short the stock till the expiry for targets below 600 rupees as the stock is showing the "Head & Shoulder breakdown" and we may confirm its trend after tomorrow's closing.
Firstly, Axis Bank seems to be following a trend. It has closed at the bottom of the channel. Now look at the stochastic indicator, again at the bottom along with RSI. A possibility of upmove can be seen.