Observation: Rising Channel Structure Intact
Axis Bank continues to trade within a well-defined ascending channel on the weekly timeframe. Price recently bounced from the lower half of the channel and is attempting to regain momentum toward the upper boundary.
📈 Bullish Factors
* Long-term uptrend remains intact as price is respecting the channel support.
* RSI (20) has crossed above its moving average and is currently around 59, suggesting bullish strength without entering overbought territory.
* Volume has improved during the recent recovery, supporting the bounce.
🎯 Key Levels
* Immediate Resistance: 1,380–1,400
* Major Resistance / Channel Top: 1,425–1,450
* Breakout Target Above 1,450: 1,520–1,580
🛡️ Support Levels
* Immediate Support: 1,320–1,300
* Channel Support: 1,250–1,220
* Trend Failure Below: 1,200
Axis Bank continues to trade within a well-defined ascending channel on the weekly timeframe. Price recently bounced from the lower half of the channel and is attempting to regain momentum toward the upper boundary.
📈 Bullish Factors
* Long-term uptrend remains intact as price is respecting the channel support.
* RSI (20) has crossed above its moving average and is currently around 59, suggesting bullish strength without entering overbought territory.
* Volume has improved during the recent recovery, supporting the bounce.
🎯 Key Levels
* Immediate Resistance: 1,380–1,400
* Major Resistance / Channel Top: 1,425–1,450
* Breakout Target Above 1,450: 1,520–1,580
🛡️ Support Levels
* Immediate Support: 1,320–1,300
* Channel Support: 1,250–1,220
* Trend Failure Below: 1,200
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.