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...
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
AU 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.
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.
Trade Setup for Date 11-10-2021:...