NSE:AUBANK Weekly Analysis!
Double Top Pattern Formation is AUBANK!
Double Top Pattern breakout in AUBANK!
RSI Divergence!
AUBANK crossed 50,100 and 200 EMA, will is leads towards further downtrend?
Analysis:( Only for Pattern Analysis )
NSE:AUBANK formed Double Top Pattern on a Weekly time frame. We can clearly see on the chart that previous...
After testing the trend line multiple times, it has given the closing below the trend line on Friday and today tested the trend line from below. It is ready to Move in 580 zone as 1st support.
Disclaimer: All information is for educational purpose only.
Currently in Volatility Contraction Pattern
After Long Momentum
Stock now ready to Break Trend Line
A small support at 620 post that stock may directly go upto 570-80 area
Sl above 630
Sell AUBank if sustain below 1395 for the lower marked targets on the chart until 1430 on the upside is intact.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
I’ll plan to go short below 1159 level,
Trendline has been broken down and retested, and RSI also has shown good divergence on the charts.
Plan your trade according to the levels
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:...
AU BANK- Close below 1050, will trigger fresh shorts for tgt 925-900.
Stock down with big-big weekly volumes. Daily ADX and Negative DMI indicating good down trend for few days, while weekly ADX indicating high volatility.
RSI ready for panic selling. May be some bad news coming.
Upward price rejection twice on daily charts at 1120-1130, So will use this as SL
![AUBANK: Simple Trade Setup | AUBANK | 11-10-2021 [ INTRADAY]](https://s3.tradingview.com/q/qdgKMtZF_mid.png "Simple Trade Setup | AUBANK | 11-10-2021 [ INTRADAY]")
