AU SMALL FINANACE BANK GIVES BRAKEOUT ON DAILY CHART NSE:AUBANK
AU SMALL FINANCE BANK give brake out on daily chart.
Buy 660
SL 623
Target 715+
Time - 15-20 days
Aubanknalysis
AU Bank 1D Timeframe ProjectionAU Bank 1D Timeframe Projection
I posted 2 views for AU Bank.
Right now the market is in the Range.
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 Breakout confirm strong bullishAUBANK 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:
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
