AU Bank 1D Timeframe ProjectionAU Bank 1D Timeframe Projection
I posted 2 views for AU Bank.
Right now the market is in the Range.
Aubankanalysis
AUBANK : Buy for Swing trade?www.tradingview.com
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 Analysis::Double top is identified in this stock...
we have strong demand lies at 440 levels.
price is now at support zone...price is aleady moved tomuch downside...
it is risky to enter short...
wait for the retracement to enter short side again.
we have a chance of Head and Shoulders in this stock. which is a reversal pattern in this stock price.
key support and resistance levels is given in the chart, take a look at these levels and trade accordingly.
AUBANK @ good support Zone !!
NSE:AUBANK trading @ support zone,
As per the chart analysis, all the potential levels marked including SL.
Happy Trading !! Like for more charts.
