AU SMALL FINANCE has given a huge breakout above the previous resistances in long term..
buy on dips to 760 780 and add more on further fall to 740 . can test 900. looks like it can do more considering the long consolidation it has gone through
HOUR CHART SUGGESTS THAT THE SHARE PRICE MAY REACH 674 AND SHOULD START REVERSING BACK.
BUYING IN THE RANGE OF 663 AND 670, WITH STOP LOSS AT 660 MAY BE CONSIDERED.
THE REVERSAL SHALL TAKE TO 694.
Multiple Break Out With Volume.
Other Details Mentioned In Chart.
Trial SL Once In Profit.
Investment View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
The Stock seems to be under the process of forming it's Handle in the Cup and Handle Pattern. Can it form the same and then give a break out subsequently? Let's see!
AU Small Finance Bank Ltd. engages in the provision of banking services. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Operations. The Treasury segment consists of net interest earnings from the bank's investment portfolio, money market borrowing, and lending and gains or losses on investment operations. The Retail Banking segment serves retail customers through a branch network, and other delivery channels. The Wholesale Banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. The Other Banking Operations segment includes income from para banking activities such as debit cards, third party product distribution, and the associated costs. The company was founded by Sanjay K. Agarwal in 1996 and is headquartered in Jaipur, India.
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AUBANK
