Axis Bank Ltd (Axisbank - NSE) is in C wave down in daily time frame and in 60 min time frame it is going down to 5th wave of C, which was over as short wave. In weekly time frame it completed impulse up move and now correction ABC down cycle is about to over then new up cycle will start, which might be ABC or impulse. So no more bearish view from this point and Once it broke wave 4 high, it will confirm the end of down cycle.