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Sandeepk31

SHORT AU BANK for target of probable 400

Short
AU SMALL FINANCE B (NSE:AUBANK)  
Sandeepk31  
NSE:AUBANK   AU SMALL FINANCE B
Wedge Triangle wedgepatterns ausmallfinancebank AUBANK ausmallbank Rising Wedge bearishdivergence
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wedgepattern triangle wedgepatterns ausmallfinancebank aubank ausmallbank risingwedge bearishdivergence
Couple of things seen on Charts. Rising Wedge pattern on weekly and monthly charts. Also a failed breakout on daily charts.
Bearish divergence seen on weekly charts. Indicating sell at higher level. Be careful with this stock. Also same is seen with other Ultratech.

Shorting is risky option so wait for a solid confirmation to enter the stock is not resistant to interest rates hikes.

If rising wedge is followed then target of 400 can be seen. trade with strict Stop loss on weekly closing basis. Or just stay away.
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