🏦 Axis Bank – Holding Mid-Channel Support

1️⃣ Channel Retest After breaking above the falling wedge (black), Axis Bank retested the breakout and is currently sitting at the midline of a long-term green trend channel. 2️⃣ Range Resistance ₹1318 has emerged as a clear supply zone — multiple rejections seen here historically. The current structure shows consolidation below this level. 3️⃣ Support Base The zone between ₹1149 and ₹1039 (green and horizontal) has offered strong demand in the past. A weekly close below it would be technically weak. 4️⃣ Outlook 🔼 Resistance: ₹1240 / ₹1318 🟩 Support: ₹1149 / ₹1039 Watch for bullish continuation above ₹1240, but if ₹1149 fails, lower levels could revisit. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.