AUBANK trade ideas
Stock for the week AU finance Bank Good evening friends welcome friends today we are going to talk about a u small finance Bank limited the bank is at very good level and till the time it is about 980 we can see that in the days to come this stock can reach up to the level of 1200 the horizon will be one week only and we are only expressing our opinion it is not at all any kind of recommendation ok thank you regards
AU SMALL FINANCE BANK SHORTAn inverted Cup and Flag Formation can be seen in the daily chart. RSI trendline suggests that it may fall in upcoming days. MACD is showing momentum, but still in negative zone. (OPEN THE CHART FOR DETAILED VIEW)
AU SMALL FINANCE BANK looks weak if it breaks below the flag formation.
Thanks
FOLLOW IF YOU LIKE IT!!
#AUSmallFinanceBank#AUSmallFinanceBank looking like poised for next up move. Similar move came after last earning call as well.
Declaimer: Views for educational purpose only and based on past trend so it can go wrong also
AUBANK - Contraction pattern below a very good support trendline🔰 MY thought process :
⭐Elliot waves for the uptrend ended while giving it an ATH now it has broken a serious trendline = downtrend but it's on its monthly support zones which were used to be resistance zones :)
⭐Also at 0.3 fibo so and making a good contraction pattern below the good uptrend line and 50dema, A buy would be initiated if it breaks the consolidation with power :)
⭐Risk will be: if it breaks the trendline for below = SL, Targets : at least ATM
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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AU BANK BUY FOR SWING TRADERI am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You should discuss your specific requirements and situation with a qualified financial adviser.
HIGHER HIGH HIGHER LOW.START OF NEW NEO IMPULSE.GET LONGPRICE IS MAKING HIGHER HIGH AND HIGHER LOWS AND GAVE BREAKOUT IN TODAYS TRADING SESSION @ 969
TODAY'S MOVE SUGGESTING END OF AN CORRECTION AND START OF NEW IMPULSE.
BREAKOUT IS ALSO ACCOMPANIED BY MACD REVERSAL
EXTREMELY FAVORABLE RISK-REWARD RATIO FROM CURRENT PRICE.
LONG @ CMP OF 986.60 AND ADD IF PRICE COMES @ 969
STOP LOSS OF 940 ON CLOSING BASIS
TARGET 1150.
TIME FRAME-1 MONTH.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
AU Bank-Long IntradayCannot determine a good opportunity in swing or intraday.
Avoid this script till Tuesday.
if one wish to enter for intraday position, levels are mentioned on chart.
AU bank 30% upmove possibleIt's a good fundamental company with growing profits YOY, can go long if it fills the gap and starts moving up. Keep on the radar for the first target of 1130 and the second target of 1300.
Short Au bankIt has broken the trendline so go short till @ 822. Take the position depending on your analysis.
AUSMALLFIN BANK BUY CALL FOR SWING TRADI am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You should discuss your specific requirements and situation with a qualified financial adviser.
AU BANK - FALLING KNIFE ?Wanna try tomorrow ?
875 to 895 will be ideal reversal zone.
If it happens tomorrow will buy with stop 860 closing basis.
Direction already mentioned in charts initial target 980
AU Bank Trend Line breakout AU Bank has been holding the trend line since March 20 but we can see a trendline breakout on the downside with volumes and thus there can be some short opportunities unless and until it gains back its support on the trend line.
Buy AU small finance bank with SL 900 for target of 11501. AU small finance bank has followed the trend line and has strong support around 900+
2. Higher end has TP of 1150, 1275 and 1500
3. Trend line Invalidated below 900
