Review and plan for 23rd April 2025 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
AUBANK trade ideas
AUBANK : Trade for Options Trading AU Small Finance Bank (AUBANK)
Liquidity Buildup: The ₹585-588 zone shows institutional buying activity, indicated by tight price ranges and volume consolidation. This zone acts as a demand area, where buying pressure is likely to sustain.
Weaker Supply Zone: Sellers dominate the ₹620-625 range but are weakening. If the price reaches this level again, a breakout is more probable.
Stop Loss Placement: Below ₹579, the demand zone fails, and the trade setup is invalidated.
Trade Plan:
Entry: Buy near ₹588 when the price approaches the demand zone with increasing volume.
Target: Exit around ₹620-625, aligning with historical supply resistance.
Stop Loss: Set at ₹579 to protect against demand failure.
Risk-Reward:
Risk (₹579): ₹9 below entry at ₹588.
Reward (₹625): ₹37 above entry.
R/R Ratio: 1:4 – an ideal setup for swing trades.
Educational Tip: Look for large green candles and volume spikes near the demand zone to confirm institutional interest before entering.
AU Small Finance Bank - Technical Analysis Update and Key LevelsChart Overview:
The price action for AU Small Finance Bank shows it has been moving within a rising channel for the past few years, currently testing key support levels. The bank recently saw a price downgrade from Nomura, which adjusted the target price to ₹670, retaining a neutral rating. This adjustment reflects some cautious sentiment among analysts.
Key Levels and Fibonacci Retracement:
Channel Support - The stock is currently near the lower boundary of the long-term rising channel, a crucial area where it previously found support.
Fibonacci Levels - The stock has pulled back to the 61.8% Fibonacci retracement level around ₹565.65 from its recent highs, which often acts as a strong support level in technical setups. A further breakdown could push it towards the 50% retracement at ₹492.40, a potential next support.
Resistance - On the upside, resistance lies around the upper channel boundary and recent highs near ₹670-₹700, which aligns with Nomura’s target.
MACD Indicator:
The MACD currently shows a weakening momentum on the weekly chart, hinting at possible bearish pressure. A recovery in MACD or a bullish crossover could indicate a return to upward momentum.
RSI Analysis:
The RSI is approaching the oversold region. A bounce from this area might signal potential for reversal if accompanied by strong buying volume.
Conclusion:
AU Small Finance Bank is at a critical support level within a broader uptrend channel. Holding above ₹565-₹570 could lead to a rebound towards the upper end of the channel, with ₹670-₹700 as potential targets. However, if the price fails to hold, watch for the ₹492 level for possible support. The current technical setup suggests caution, especially with Nomura's neutral outlook.
AU SMALL FINANCE BANK S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
AU Small Finance Bank LtdThe price action of AU Small Finance Bank Ltd is currently consolidating within a symmetrical triangle pattern on the weekly chart, with key Fibonacci levels in play. The stock has bounced off the 0.618 Fibonacci retracement level at ₹610.20, indicating potential bullish momentum.
Key Levels:
Support Levels:
0.618 Fibonacci Retracement: ₹610.20
0.786 Fibonacci Retracement: ₹585.50
Resistance Levels:
0.382 Fibonacci Retracement: ₹644.95
0.5 Fibonacci Retracement: ₹627.55
Potential Target:
1.618 Fibonacci Extension: ₹841.25 (~26.26% upside from current levels)
Technical Outlook: The stock is showing a strong possibility of a breakout from the symmetrical triangle pattern, targeting the 1.618 Fibonacci extension level at ₹841.25. A sustained move above ₹700.55 (key resistance) will confirm the breakout and likely propel the stock towards the target zone.
Strategy:
Buy Zone: ₹660-₹670
Stop Loss: ₹640 (below the 0.618 level)
buy at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
AU BankAU Bank Cmp 650
looking at the chart,
I sense that we have completed wave 1
and we are in wave 2 where sw C is pending...
if we get correction in wave C...
We can expect start of wave 3 which would be nice for investment pick...
Just a View!!
Vedang!
Disclaimer: Chart is for study purpose only!!
AUBANK - Weak Q3This is a #RequestedPriceAction
🎯 The chart should tell you everything.
🎯 The recent price drop followed a weak Q3 report.
🎯 The Game zone has multiple supports that may stand. (IMO it has a good possibility)
🎯 If the price breaks, We have a strong support around 556
🎯 Remember, When panic strikes, No technical analysis works.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times