AUBANK : Buy for Swing trade?
https://www.tradingview.com/chart/nY4Fdw5c/
AUBANK: After making 52w LOW in recent past, it is now recovering from there supported by massive volume. The RSI on daily timeframe has already crossed 70 which shows aggressiveness towards bulls.
Levels:
Buy: If it crosses above 653 level on daily timeframe and sustains there. The StopLoss would be 628.
There is an Open gap above between 703 to 670. Based on our Gap theory, it has to be filled. The first target in Swing trade will be 700. After that you can trail it till its reversal.
AUBANK: After making 52w LOW in recent past, it is now recovering from there supported by massive volume. The RSI on daily timeframe has already crossed 70 which shows aggressiveness towards bulls.
Levels:
Buy: If it crosses above 653 level on daily timeframe and sustains there. The StopLoss would be 628.
There is an Open gap above between 703 to 670. Based on our Gap theory, it has to be filled. The first target in Swing trade will be 700. After that you can trail it till its reversal.
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