How to Trade AUBANKHow to Trade AUBANK
📊 Technical Overview:
Current Price Action: AUBANK opened at 665.05 and closed at 687.6, showing a positive move from the previous close of 671.75. The stock has formed a Bullish Engulfing pattern, indicating upward momentum.
Key Indicators: The stock is above its 50-day EMA (599.59), 100-day EMA (591.7), and 200-day EMA (604.71), signaling a bullish trend.
Volume Analysis: Volume (2398908) has increased compared to the previous day's volume (2322138), suggesting a rise in market interest.
🔍 What to Watch:
Resistance Levels: The key resistance levels to watch are R1 (696) and R2 (705). A break above these could target R3 (721).
Support Levels: S1 (671) and S2 (655) are important support zones. A drop below these could indicate a potential pullback.
Bullish Patterns: The Bullish Engulfing pattern and Bullish VWAP signal strong buying momentum.
🧠 STWP Insights:
Momentum to Watch: AUBANK is showing positive momentum with RSI breakout signals and strong bullish candlestick patterns. Look for a breakout above R1 (696) for further bullish continuation.
Swing Trade Potential: With support at S1 (671), AUBANK could be a candidate for swing trades targeting R2 (705).
📌 Disclaimer:
This post is for educational and informational purposes only. It does not constitute investment advice or a recommendation. Please consult your financial advisor before making any investment decisions. STWP and this post are fully compliant with SEBI regulations and promote responsible market learning.
