AU Small Finance Bank Analysis!

AUBANK Weekly Analysis!
Double Top Pattern Formation is AUBANK!
Double Top Pattern breakout in AUBANK!
RSI Divergence!
AUBANK crossed 50,100 and 200 EMA, will is leads towards further downtrend?

Analysis:(Only for Pattern Analysis)

AUBANK formed Double Top Pattern on a Weekly time frame. We can clearly see on the chart that previous trend was uptrend and Double Bottom ideally formed after an uptrend so it's a valid scenario to be move ahead with the Double Bottom or M Pattern. I have done complete analysis on the chart so please have a look on it.

Trade Psychology and Setup:

Entry = Current levels are not good for short(570-580)
Target = 495.70
Stop Loss = 674.95

Disclaimer = All my analysis is for Educational Purposes only.

Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital

Avinash K.

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