Axis bank has formed a Death Crossover on chart i.e 50 and 200 Ema Forming a Crossover leading to Downtrend of the prices . The price after making a lower high taking resistance from 50 EMA and now it is moving towards prev. low swing again and seems like it has weakness and could break trendline . Also there is a news Catalyst which is of Indusind Bank which will also help price to move towards low areas .
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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.