From the chart of 1 hour of Axis bank, and by using RSI, we can confirm that the RSI is taking reversal, which implies from RSI Chart that it is a negative divergence. If RSI Cuts the 56-57 levels, we can short axis bank. We can confirm the shorting with the nifty bank charts as similar patterns are watched on 1 hour chart of Nifty bank, negative divergence. So, wait for confirmation and then trade. Do support me, and comment if you like the idea. Thank you.
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Also, we can see Double top pattern is forming in Axis bank chart. So keep watching fro any confirmation.
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After forming double top, axis bank gave 9-10 points for shorting. It went down till 393 from 403.
Now wait for RSI negative divergence confirmation. You can get good points for shorting.
Yeah, 400 is an important level in the Axis, Also the double top is forming. But the market trend is bullish so the trend may sustain in the sideways direction.