AU SMALL FINANCE BANK
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 930+.
✅Can Go short in this stock by placing a stop loss below 732-.
After a long sideways phase, price has finally given a breakout.
Monthly MACD has also turned positive.
A Daily Close above 800 would further confirm strength.
Going by the only instance in the past, stock is expected to witness a strong rally to 1000.
Bullish view remains valid as long as prices stay above 680.
Hi Guys ,
Here you can see that AU bank was continuously falling but previous day its chart was choppy and there is a lot of consolidation we can see . The buyers are not letting lower rectangle to be broker and seller are not letting above triangle to be broken . Any way it breaks , great amount of momentum can be seen .
This view is only for educational purposes .
AU Small Bank is ready to Rock. It will easily reach 675-680 that's what I am aiming for, only in exceptional case if the Wave e gets Truncated then it may not, but for now that possibility I am not considering. please take a look at wave d, which is a triangle so we have triangle within a triangle within a triangle, basically 3 triangles. Such Situations are rare...
BUY - AU SMALL FINANCE BANK
CMP - Rs. 762
Target - 1: Rs. 940
Target - 2: Rs. 1100
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Technicals - Ascending Channel BO
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Note: Both Targets will be achieved within 9 months.
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This is just a view by an expert analyst, please invest at your own risk.
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In this chart, I have found AUBANK is a bullish formation. If this stock able to sustain on the mentioned support zone, I am expecting an up move for 20% profit in a couple of months.
Note: This is my personal view only and not a recommendation.
AU bank is looking good by breaking a falling trendline inside a rising wedge pattern so we can consider it is a falling trendline breakout in it and can go long for the target of near rising trendline which is near about 766 levels from the bottom 680 is looking a good support so we can take stop loss below 680 weekly close.
NOTE- Only for Education Purpose.
