AUBANK trade ideas
AU BANK - 1HAU BANK has given a breakout from the triangle pattern. The results were good also, so we can soon witness a good move from this stock.
TGT - 1300
SL - 1190
Awaiting Breakout from AU BankAU Bank can break trend line soon. Take positions accordingly. Results were good, so we can see a breakout.
Swing Opportunity in AU Small Finance BankGo Long above 1128.4 for Targets of 1195.8, 1263.2, and 1330.6 with SL 1061
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. A bullish candlestick pattern ( Bullish Engulfing ) marked with the orange color is formed around 0.618 Fibonacci level.
4. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
5. In addition to this the stock is forming an ascending channel pattern.
AU small Finance Bank IHNS in RSI crossed 60AU small Finance Bank IHNS in RSI crossed 60
AU small Finance Bank IHNS in RSI crossed 60
AU bank bullish batbuy in delivery only when candle closes above both dotted lines for target of 1350
exit if candle closes below 1180
Au small finance bankBuying this can be a good idea of you wait for on more bullish candle. stock has failed a bearish engulfing, and hence seems a little in the bullish mood. waitinfg for another gree candle above this support and then buying can help us reach the target of next resistance.
Simple Trade Setup | AUBANK | 11-10-2021 [ INTRADAY]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:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
AUBANK near trendline supportAUBANK near trendline support moving higher from oversold levels
Entry Price : 1114.1
Stoploss : 1002
Target 1 : 1225
Target 2 : 1281
Aubank longAubank long
Bullish engulfing Candle stick pattern at 200 day EMA
short term trendline breakout
Buy at CMP-1137
SL- 1065
Target- 1210, 1255
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Looking good above 1190Looking good above 1190
Target : Till Resistance zone marked
Its for education purpose.
Long AUBANK: Rejection from monthly resistance, volume pickingupHello Traders,
AUBANK can be a good trade at the moment.
Its closing price on Friday was 1182
It can be traded as follows:-
Entry price 1191
SL: 1123
Target: 1293
Supporting pointers:-
Recent rejection from monthly resistance levels of 1142 and 1123
Volume picking up
AU Small Finance Bank - Bouncing off from a long term supportAU small finance bank is at a long time support level and bouncing off ....the current trend line break confirms the change in short term bearish trend and at current prices the risk vs reward is very attractive...
AU Small fin bank at support levelAU Small fin bank at support level good for positional trade by prajapati99951
AU BANK- PRICE BREAKDOWN WITH VOLUMESAU 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
au bank au bank had given break down below 1130 can sell with stop at 1160 for target of 1000 and 925
Price rejection For the mid term this stock showing strong rejection in weekly & daily time frame as for now my point of view is this stock can easily move till 1200 in couple of days
