AU Small Finance Bank, A perfect example of breakout and retest.AU Bank, a story of consolidation break from Jan 2021 and after 827 days with a volume of 1.413 Billion. Now done a clear a clear retest on the support zone with push down red candles on MTF. Nice place to enter in the present zone of indecision candle on MTF
AUBANK trade ideas
AU SMALL FINANCE BANK - For education purpose only"Dear Traders, take a look at AU SMALL FINANCE BANK stock! We have an interesting chart formation taking shape, known as a Bullish Pennant pattern. This pattern often precedes a continuation of the previous bullish trend.
The stock has been displaying a strong upward move, forming the pole, followed by a consolidation phase where the price is consolidating within converging trendlines, forming the flag. This flag pattern suggests that the stock is taking a breather before potentially resuming its upward momentum.
To trade this pattern, one strategy could be to enter a long position once the price breaks above the upper trendline, confirming the continuation of the bullish move. The target for this pattern can be set by projecting the length of the pole added to the breakout point.
However, it's important to wait for a confirmed breakout before taking action. Keep an eye on the price action and volume as they can provide further confirmation of the pattern's validity.
Remember to apply proper risk management techniques and set appropriate stop-loss levels to protect your capital.
Happy trading and good luck with your analysis on AU SMALL FINANCE BANK stock!"
AU SMALL FINANCE BANK - BIG BREAKOUTHey guys!
Just wanted to give you a quick update on Au Small Finance Bank.
This stock is totally on fire! 🔥 #momentum
Can't wait for that major breakout above 800! 🚀
Quick trading tip for you all
If you're looking to invest, consider buying if the stock sustains above 800 or wait for a correction till 680 (remember the Law of Polarity!). Happy trading! 💰📈
Stay tuned for more exciting news!
🇮🇳AUBANK ON WEEKLY RESISTANCEFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
AUBANKNSE:AUBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at all time high.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose