https://ganninsides.com/2025/07/08/decoding-axisbanks-stagnation-technicals-and-critical-dates/
Our bearish call on AXISBANK, initiated on July 8th, has been decisively validated. We highlighted the significance of the ₹1155 breakdown level, and its breach yesterday unequivocally confirmed our downside projection, leading to the ₹1100 cash target being achieved today. This rapid fulfillment underscores the strength of the move post-breakdown.
At its intraday low, AXISBANK has now arrived at a pivotal support confluence: the ₹1065 to ₹1085 zone on the cash chart. This area represents a critical decision point for the stock.
Looking ahead: The market’s immediate focus shifts entirely to the resilience of this support band. A sustained break below the ₹1065-1085 range would signal a significant deterioration in the technical structure, opening the door for an accelerated decline towards ₹1031 and potentially ₹991 in the very near term. Conversely, a strong bounce from this zone could indicate a temporary reprieve or consolidation.
Traders and investors should monitor this key support with extreme vigilance, as a decisive move here will dictate AXISBANK’s trajectory for the remainder of the week and potentially beyond.
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