AXISBANK is currently trading around ₹1304. After the strong move from the lower zone, price is now near a short-term resistance/supply area. A healthy pullback toward the ₹1262–₹1270 zone can be treated as a retest area.
The May 22 candle created a Fair Value Gap / imbalance zone, and price may come back to fill or retest that area before attempting the next move upward. If buyers defend this zone with a bullish rejection candle, the upside structure can remain valid.
Key Levels
Level View
₹1262–₹1270 Retest / FVG support zone
₹1243–₹1240 Invalidation zone if price closes below
₹1315–₹1325 First upside hurdle
₹1355 Major resistance / target area
₹1375–₹1385 Extended upside zone if momentum continues
AXISBANK — Retest of FVG Before Next Move?
AXISBANK has shown a good recovery from the lower levels and is currently trading near ₹1304 on the daily chart.
My view is that price may first come for a retest around the ₹1262–₹1270 zone, where the May 22 candle created a Fair Value Gap / imbalance area. This zone can act as a demand area if buyers step in again.
I will watch for a bullish rejection, strong green candle, or volume support near this level. If the retest holds, AXISBANK can again attempt an upside move toward ₹1315–₹1325, followed by ₹1355 and possibly higher levels.
The setup becomes weak if price breaks and closes below ₹1243–₹1240, because that would mean the demand/FVG zone has failed.
Plan: Wait for retest → observe price action near ₹1262 → enter only after confirmation → avoid chasing at current level.
I am not a SEBI-registered analyst. This idea is shared purely for educational and study purposes. Please do your own analysis or consult a certified financial advisor before taking any trades.