AU SMALL FINANCE BANKTRADING NEAR BREAKOUT LINE, Add it in your watchlist
1. RS +CVE
2. RSI ABOVE 60
3. ABOVE THE ICHIMOKU CLOUD
4. ABOVE THE 50,100 AND 200 EMA.
AUBANK trade ideas
AU Small Finance Cup & handleNSE:AUBANK
this can be only CUP pattern
buy above 1320
SL closing 1145
T 1380, 1470, 1580, 1650
AU BankTriangle pattern broken. After successful retest price is ready for a upside
Swing Setup 7-10 days
Marked levels
AU Small Finance BankAU Small Finance Bank Ltd. engages in the provision of banking services. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking, and Other Banking Operations. The Treasury segment consists of net interest earnings from the bank's investment portfolio, money market borrowing, and lending and gains or losses on investment operations. The Retail Banking segment serves retail customers through a branch network, and other delivery channels. The Wholesale Banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. The Other Banking Operations segment includes income from para banking activities such as debit cards, third party product distribution, and the associated costs. The company was founded by Sanjay K. Agarwal in 1996 and is headquartered in Jaipur, India.
AU small bank good buying levelGood buying level. Pls. like, comment, follow & share to encourage me.
AU Small Finance Bank Bullish On Weekly And Daily chartNSE:AUBANK
AU Small finance bank on weekly chart looks quite bullish. And may be a good option for short term trade.
Let’s quickly see what was happened on weekly chart.
After making a Lifetime High of 1354 we had seen rejection in prices from that level and weekly candle of 30th March 2021 closes in to the middle forming a wick, which is good sign of selling. Where one can say profit booking has been done.
But on following weeks we have seen follow through selling with strongest volume till that week and increasing price range. The profit booking now turning out to be indication of trend reversal. And candle A could be a good confirmation of selling where we had witnessed good range of the candle with wick on top followed by strong volume.
On very next candle of the candle A (Marked With B) we see gap down opening for that week, in such scenario any one could have went short with no doubt in mind. But lets see what happened on that week ( Candle B\3rd May 2021).
Candle B do show gap down on that week but we did not see any movement for selling all through week, result of which we see narrow range candle closing off the low and near to its mid-point. This candle also carries solid volume too (highest in the range of chart we are seeing). Such kind of price and volume appears on chart only if both Sellers and Buyers strongly active.
We did not see further follow through selling after candle B, rather we are now seeing prices moving up again and with some good efforts to push prices further up (Check Candle C and D ). So technically its now looks like sellers had been trapped in Candle A and B.
One can go long straight away or wait for a breakout to the 1170. There are some chances where we can see the test of level 910 if we see rejection from 1170.
||Hari Om||
||Ambadnya||
"AUBANK trade going on AU BANK IS AT SUPPORT LEVELS AND CORRECTION MAY BE SEEN FROM THESE LEVELS AS BANK NIFTY IS ALSO SUPPORTING TREND .TRADES AND LEVELS ARE ON THE CHART
AU Bank Wave 5 PlayPossible buy at CMP till 892 with 850 SL
Possible target Wave 3 top as first target and then we will see the reaction and decide later
AUBANK SHORT INTRADAY 3 MAY,2021Dear trader,
If u look at the chart of AUBANK (analysis based intraday only) the AUBANK Sell at 938 and Target at 915.
Best Buy at 960.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
AUBANK made morning star from important supportAUBANK made morning star from important dynamic support
