Formed a TRIPLE BOTTOM support at 635 and bounced strongly
Now small resistance is 690--700
If sustained above it can pump upto 720 / 740 / 760 / 780 WITHIN SHORT TERM
But recently there was a huge gap up in this stock around 23rd...
AUBANK is forming a harmonic pattern (possible) ABCD.
The projected completion point is 788.20 spot price.
The invalidation point for this pattern will be 758.35, the price if rejected from here and breaking the B level will invalidate this pattern.
The stock is for analysis for possible trade opportunities for SELL on the completion of this pattern.
AUBANK chart has given a breakout of resistance line as indicated in the above chart.
Also, it has closed the Gap down opening in last 2-3 sessions.
Momentum is also positive I feel.
Near term target 794
SL can be kept around the yellow line in the chart..
These are my views, please do your due delligence.
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AUBANK:- Stock is coming for breakout deck retesting, some plan to apply strict stop loss
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about...
AU BANK has been consolidating and trading in a range since about 2 years now. When will it break out? I don't know, and if anyone says they do, they are gambling. But what I can say is that if price breaks out of the range with good volumes, there is a good chance that we will see the price trending upwards for some time, which would be a very good opportunity to...
Good Day ,
AU Bank looks a good candidate for Long Term as it is trading at 582 , a fall of nearly 150 points from the top. Next key level is 462 which it had to sustain , below it will be a downtrend.
Chart Self Explanatory.
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as...
AUBANK good falling channel breakout with volumes, also a rounding bottom breakout visible. The price is also respecting giving breakout above 50 to 61% retracement zone from Oct swing low to Dec swing high...
Keep it in watchlist for momentum play
Add to watchlist - Once BO is on the parallel channel - we should see an 8-12% upside momemntum in a short period.
2022-11-02: Close crossed 20 SMA on Daily/Weekly/Monthly time frames.
The monthly trend and Weekly trend are +ve.
2022-11-01: Current price is in Convergence - SMA 20/50/100/150/200 all are in the 3% range. Close...
Good to keep on the radar
Always respect SL & position sizing
Trade Secrets By Pratik
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
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You are solely responsible for any decisions
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Reversal of symmetrical Triangle Pattern .
📈It can give movement upto the Reversal target of 665+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 885+.
📈 Can Go Short in this stock by placing stop loss...
#NIFTY50 Under 1day candle nifty is in range bound between 16750 - 17450.
* DAY CHART TREND ANALYSIS : MILD BULLISH TREND
* 1Hr chart : Crucial resistance at 17350, yesterday nifty fails to take out this resistance. Can assume 17350 act as an strong resistance in
upcoming trading days
* 1Hr TREND ANALYSIS : BULLISH
* TODAYS OI DATA :
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...
AU Small Finance Bank Ltd - 05.08.2022
The stock is trading @ 645 levels
There is a HAMMER at TOP
The prices are above EMA
The STOCHASTIC is OVERBOUGHT, RSI is OVERBOUGHT
RSI is 55 in Weekly Chart
Watch out for the price action
Aubank looking weak on weekly charts broken 100 ema partially and closed below although next support and 200 ema showing the same price levels almost this is wait and watch situation for all of us in this private banking counter