🏦 AXIS BANK – Tight Consolidation Below Major Resistance | Breakout Watch 🚨
📅 Date: June 21, 2025
🕰️ Timeframe: Daily Chart
💸 CMP: ₹1,220.70 (+0.26%)
📊 Volume: 4.65M
📦 Price Action Overview:
🔲 Axis Bank has been consolidating in a tight rectangle pattern between ₹1,160 and ₹1,240 for nearly 7 weeks.
📌 Current price is approaching the upper end of the range, indicating a possible breakout setup.
🟡 There’s a strong historical resistance zone near ₹1,280–1,300 from October 2024 – if broken, this can open the gates for a new rally.
📈 Technical Levels:
Support Zone: ₹1,160 – ₹1,180
Resistance Zone: ₹1,240 (box top)
Major Resistance: ₹1,280 – ₹1,300
Breakout Target 1: ₹1,275
Breakout Target 2: ₹1,310+
🎯 Trade Plan:
✅ Entry: Buy above ₹1,242–1,245 (on daily close with volume confirmation)
🛑 Stop-loss: ₹1,180
🚀 Target 1: ₹1,275
🚀 Target 2: ₹1,310+
📊 Volume Insight:
Healthy volume near the upper range = accumulation in progress
Breakout candle with > average volume = confirmation trigger
✅ Conclusion:
Axis Bank is setting up a bullish continuation pattern after a sharp rally from ₹920. A breakout above ₹1,240 can attract fresh buying, aiming toward its previous resistance zone. Keep this stock on your breakout radar! 📡
🔖 #Hashtags for Visibility:
#AxisBank #BreakoutStocks #SwingTrading #NSEIndia #TechnicalAnalysis #RectanglePattern #BankingStocks #ChartPattern #PriceAction #TradingViewIndia #AatrishaCapital
📅 Date: June 21, 2025
🕰️ Timeframe: Daily Chart
💸 CMP: ₹1,220.70 (+0.26%)
📊 Volume: 4.65M
📦 Price Action Overview:
🔲 Axis Bank has been consolidating in a tight rectangle pattern between ₹1,160 and ₹1,240 for nearly 7 weeks.
📌 Current price is approaching the upper end of the range, indicating a possible breakout setup.
🟡 There’s a strong historical resistance zone near ₹1,280–1,300 from October 2024 – if broken, this can open the gates for a new rally.
📈 Technical Levels:
Support Zone: ₹1,160 – ₹1,180
Resistance Zone: ₹1,240 (box top)
Major Resistance: ₹1,280 – ₹1,300
Breakout Target 1: ₹1,275
Breakout Target 2: ₹1,310+
🎯 Trade Plan:
✅ Entry: Buy above ₹1,242–1,245 (on daily close with volume confirmation)
🛑 Stop-loss: ₹1,180
🚀 Target 1: ₹1,275
🚀 Target 2: ₹1,310+
📊 Volume Insight:
Healthy volume near the upper range = accumulation in progress
Breakout candle with > average volume = confirmation trigger
✅ Conclusion:
Axis Bank is setting up a bullish continuation pattern after a sharp rally from ₹920. A breakout above ₹1,240 can attract fresh buying, aiming toward its previous resistance zone. Keep this stock on your breakout radar! 📡
🔖 #Hashtags for Visibility:
#AxisBank #BreakoutStocks #SwingTrading #NSEIndia #TechnicalAnalysis #RectanglePattern #BankingStocks #ChartPattern #PriceAction #TradingViewIndia #AatrishaCapital
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.