AUBANK Breakout confirm strong bullish
AUBANK has given the breakout. It has been in the range then gave a breakout now again it has given the 2nd breakout people who missed the 1st rally might enter now. It will be a nice trade of 1:4 :: R: R.
Reason:
Verdict:
Highly Bullish
Plan of action:
Buy: 754
Stoploss: 726
Target: 870
Reason:
- Bullish Flag and POLE breakout.
- Support at the VWAP.
- RSI is entering in Bullish zone.
- Successful breakout after 5 months
- High Volume is traded today.
- Price > EMAs
Verdict:
Highly Bullish
Plan of action:
Buy: 754
Stoploss: 726
Target: 870
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.