Accumulate AU Bank ?Stock operates in range
no any techinical indicator
cmp 590
SL 560
Target 750, 790, 850
Strict SL ( market is in bearish mode)
Not a buy/sell recommendtion. just educational purpose only
AUBANK trade ideas
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.
AUBANKNSE:AUBANK
Trading in Channel and it's on support level
Close Price- 645.65
Good above- 656
Sl - 600 for Short Term
Target is 677/700/738
Techno Funda
Rsi <35
That is oversold zone
Trading Pivot support S2 level
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 Small Finance LongAU Small Bank Trend Demand/Supply Price
6 Month UP Consolidation Support Price 1193
Qtrly UP Demand Momentum
MONTH UP Demand Momentum Support Price 652
Week UP WDMIP Support Price 595
Daily UP DDMIP Support Price573
Stop Loss545
Potential Target 1000
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 is one way direction today. Its following my way.Watch and learn logics. If you need logic follow my page. AUBANK is one way direction today.
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
AUBANKMaking higher highs in 1 - 4Hr time frame and even is going steadily without any hurry so it's a positive trend and not a sudden push . Where a sudden buying came.
AU SMALL FINANCE BANK - Heading for parallel channel resistanceWill it break it this time? or will it touch the resistance AND fall back to its trendline support.
AUBANK Gap Pending Gap AT 741
200 EMA resistance 657 as golden crossover
Daily RSI above 60 but need to Weekly and monthly above 60
possibility due to RSI more consolidation
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
AU Bank time to rise and move up?AU Bank has significantly corrected from the highs. Currently it is showing signs of accumulation and this is indicating that the price wants to move up. We have to wait patiently for the price to pull back to this daily demand zone for a potential long setup
AU Bank 1D Timeframe ProjectionAU Bank 1D Timeframe Projection
I posted 2 views for AU Bank.
Right now the market is in the Range.
AUBANKAUBANK with good financials showing a good time to buy also technical pattern {Cup & Handle} is forming.
AUBANK Long Trade Idea🔔 BUY Signal Alert! 🔔
🔗 Ticker: AUBANK
🌐 Market: India Equities
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 620.00
🛑 Stop Loss: 597.40
🥇 First Profit Target: 647.60
🏆 Final Profit Target: 681.20
The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals.
The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
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.
Does $NSE:AUBANK will Take Support ?Dear Readers,
I hope this message finds you well. I am reaching out to provide you with a crucial update regarding our particularly concerning NSE:AUBANK
After thorough analysis and consideration of market trends and stock performance indicators, we have identified an opportune entry point for initiating a Buy position in Mention Stock
The entry level for initiating a Buy position is set at 560-565 , Stop Loss 540, Target 590 and 610 . We believe this price point presents a favorable opportunity to capitalize on potential upward movements in the stock's value.
It's important to note that involves inherent risks, and as such, we recommend exercising caution and conducting your own due diligence before making any investment decisions.
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.
Best Regards
AUBANKAUBANK Chart Analysis 19/03/2024...........
Long : 564
Sl : 560 closing basis
Target : 591 / 610
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Sell : below 560
Sl : 565 Closing basis
Target : 516
Enjoy !
Note : To avoid big loss, use tight stop-loss. If someone wants to take deep stop loss, then along with stop loss of 500 level, buy at level 564 or 516 level.........
