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mayank79
Sep 25, 2021 9:11 AM

AU BANK- PRICE BREAKDOWN WITH VOLUMES Short

AU SMALL FINANCE BNSE

Description

AU BANK- Close below 1050, will trigger fresh shorts for tgt 925-900.

Stock down with big-big weekly volumes. Daily ADX and Negative DMI indicating good down trend for few days, while weekly ADX indicating high volatility.

RSI ready for panic selling. May be some bad news coming.

Upward price rejection twice on daily charts at 1120-1130, So will use this as SL
Comments
shraghu08
If bank nifty cross 38200 tomorrow all the shorters will have to cover their positions and it may rally to 1160 again... Your view please..
mayank79
@shraghu08, AU bank position active only on close below mentioned levels
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