Firstly, look at the channel, the candle closed at the bottom. Now look at the stochastic indicator, it has hit the bottom along with RSI. You can verify with 15mins, 45min, 1-hour charts. Looks like there is a possible up move.
Suggestions are welcome.
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.