Price violating 200 Day SMA and 50% retrace level. Closing below these levels may target the golden ratio. Previous resistance zone of 96.80 - 97.30 may act as support for a bounce.
Axis bank daily chart shows a potential head and shoulders pattern. Price yet to clear the resistance line or the neck line properly, Need price and volume advance to confirm breakout.
Price need to sustain or close above 100 Week SMA to target the golden ratio level shown in last chart.