AU SMALL FINANCE BANK - SWING TRADING IDEASymbol - AUBANK
AUBANK is currently trading at 575
I'm seeing a trading opportunity on buy side.
Buying AUBANK Futures at 575
I will add more long position at 566, if comes.
Holding with SL of 558
Targets I'm expecting are 600 - 620 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Aubanklong
AUBANK - LONG TERM INVESTMENT CANDIDATE ?AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services.
CMP - 565
AUBANK is currently trading in a support zone & looking good for long term investing perspective. I am allocating my investment allocation at CMP.
Targets I'm expecting are 785 & 850 which is 40-48% upside from current level.
My SL would be 500.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
Good Levels to Invest for Longterm
Good Day ,
Hello Traders,
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 per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
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.
Simple Trade Setup | AUBANK | 11-10-2021 [ INTRADAY]NSE:AUBANK
Observations:
1) On 1 day time frame, we can see that it took support from 50DMA and closed above it. 50DMA is placed at 1211.53 level.
Critical resistance level is at 1250 level and critical support level is at 1200 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 11-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.