AXISCETF put on your radar

📊 Technical Breakdown – AXISCETF (AXISAMC ETF)
🔍 Key Observations:
Current Price: ₹117.28

Recent Move: Mild bullish momentum near recent highs.

Volume Spike: Noticeable volume surge on the most recent candle — highest volume in months.

Candle Behavior:

Strong bullish candle 2 sessions ago.

Two small-bodied candles (spinning tops/doji-type), indicating consolidation or indecision.

Indicators on Chart:

Looks like Bollinger Bands (red curves)

Possibly Donchian Channel or support/resistance bands (green lines)

📈 Trend & Structure:
Aspect Observation
Trend Bullish short-term structure (higher highs, higher lows from early April)
Volume Heavy surge — likely accumulation or breakout attempt
Resistance Zone ₹117.50–₹118.00 (recent top range)
Support Zone ₹113.50–₹114.00 (recent breakout candle low)

✅ Stage Classification:
Stage 2 – Early Uptrend Phase
Breakout has occurred already from a sideways base (~₹108–₹114).

Holding above upper Bollinger Band middle line = strength.

Now consolidating just under resistance — likely forming a flag or base for continuation.

🔄 Trading Strategy
📌 Aggressive Entry (if volume remains high):
Buy above ₹118 (fresh breakout).

Stop-loss: ₹114.80 (below tight base).

Target Zones:

₹122–123 (short-term)

₹128+ (medium-term if ETF continues uptrend)

🕵️ Conservative Traders:
Wait for a decisive breakout with volume above ₹118.

Watch for Bollinger Band expansion and closing above resistance.

🧠 Final Summary:
Parameter Status
Trend Bullish
Volume Strong recent surge
Resistance to Watch ₹118
Stage Stage 2 (trend continuation)
Action Plan Buy on breakout with SL at ₹114.8