AUBANK
SHORT AU BANK for target of probable 400Couple 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.
AUBANK rejection in Supply ZoneAUBANK in daily time has formed gravestone Doji and the next candle broke the low of gravestone Doji candle and closed below it's low. The price action indicates a short side trade on AUBANK. The trade can be done with risk defined strategies like call bear spread option strategy or put bear spread strategy or short via futures with hedging through call option.
AU Bank - Inverted head and shoulder pattern - BullishAU bank is forming a H and S pattern on hourly chart with positive MACD and RSI.
Short term trend is positive. We can see 1350 - 1355 levels in short term.
All the levels are marked on the chart.
Disclaimer: All the levels are for educational purpose.
ath breakout after flag breakoutbuy above 1405 in intraday
for positional trade buy in parts in dips till 1320
keep stoploss below 1200 for postional , target 1600, 1650
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
cup pattern in au bank . educational only.Au small finance bank gave a cup pattern breakout also it gave a sloping trendline break out on monday I will wait till 10:45 am if this is comming down i will wait for the lowest point else i will by it at market price.
This is mine opinion and should not be consider as advice or tip . like if you agree.
Targets are marked levels on chart.