understanding trades on the basis of support and resistance. trade will remain void if opens big gap up or gap down.
As you see in there is a strong resistance of 1203 in the AU Bank Stock, . In starting of 2020 touch the level of 1203 and then reverse and yesterday AU Bank touch and market closed. . But now there is high volume so two thing can happen in this case. . 1. Maybe AU Bank will break the 1203 level and touch the target of 1300-1323. 2. Maybe AU Bank can be...
aubank chart analysis for intraday and swing trading
Aubank giving a symmetrical triangle breakout on daily basis chart.Also giving double bottom breakout on short time frame chart. Looking short term Target 1140-1170-1200++. Also we are keeping on radar AUBANK 1100 CE looking target 70-100-150+++👆
Wyckoff Accumulation Go long @ CMP T1= 1475 T2= 1628
Again one breakout done with AU in the Last 20 Trading session Views for long term NSE:AUBANK indicator and rating RSI (59.02) Buy rating- 4.5 Neutral Rating- 0.5 sell rating -0 MA/ EMA cross over (Near to have positive Trajectory ) Bullish MACD (-0.90 positive direction) Buy rating 3 Neutral Rating 1 sell rating 1
🔰 MY thought process : ⭐Elliot waves for the uptrend ended while giving it an ATH now it has broken a serious trendline = downtrend but it's on its monthly support zones which were used to be resistance zones :) ⭐Also at 0.3 fibo so and making a good contraction pattern below the good uptrend line and 50dema, A buy would be initiated if it breaks the consolidation...
It's a good fundamental company with growing profits YOY, can go long if it fills the gap and starts moving up. Keep on the radar for the first target of 1130 and the second target of 1300.
tighten the Sl of the existing tread at 889 to 874
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Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
AU BANK Looks very good on weekly charts. Strong technically. Gave breakout with good volume on weekly charts and nearly retested breakout level. Inside channel also. Once channel is broken then BOOM BOOM. Add till 1120 level. Hold as per your patience. ###ALWAYS DO SELF ANALYSIS BEFORE TAKING ANY TRADE. PROFIT AND LOSS IS YOURS###
AU SMALL FINANCE:- BUY AT 1220 FOR 2000 TARGET (as per chart pattern) with Stop loss 1000rs (Dcb) #Disclaimer:-I just shared view for only educational purpose. #priceaction #AUBANK #BREAKOUT
Note: This is for educational purpose only. There seems to be a bullish breakout with build up near resistance. Moreover, there seems to be a rise in volumes which strengthens the bullish sentiment. RSI is at 70 which indicates that there might be some sideways movement before the next upmove.