Aubank forming an upward wave ready to correctCurrently Wave C can be said developing within abcde and some.upside is possible and then may result in a break down of 50-70 points.
AUBANK trade ideas
AU Small Finance bank - Potential breakout candidateLong above 945 for a target of approx 1060/1070
SL below 920.
This is a short term trade which could even happen intraday or BTST.
A U Small Finance Bank on a down trendThe stock was trading around 1900+ before falling to lows of 300+. Stock quality is good as well as the financial trend is very positive but the stock valuation is expensive and the stock has shown signs of some correction also.
Since November 17, the stock is on a downtrend and this is not the right time to enter the stock for long as it has still not shown any retracement.
Major support lies at 800
Target Price will remain 950 which was declared by motilal oswal in late october which it has not been able to touch yet. If the stock shows some positive retracement on longer time frame then one can plan of long.
The stock may touch 950 by start of 1st week of January if a positive reatracement is seen from present levels.
PS: This is my first analysis which i am sharing publicly. In case you find the quality of analysis or description, i apologies in advance.
AU Bank- Lets go with the Flow.When BankNifty is on a roll Let's Look at some bank as well.
Au Bank Broke out of a Flag Pattern(Trend Continuation Pattern) But it started consolidating. Now with the previous swings also broke with consolidation should make this bank a wonderful opportunity. Again the volumes will play an important role.
Today's volume is good candle is good and closing is also near highs so it makes this bet a favourable too.
Keep an eye folks. Cheers and Happy Trading.
AU SMALL FINANCE BANK POSITIONAL LEVELS BUY ONLY ABOVE 679AU SMALL FINANCE BANK LONG ABOVE 679, STOPLOSS AROUND 640.
#AUBANK #FINANCE #NSE #STOCK #TRADING #BANK #INVESTING #NIFTY #AUBANK
AUBANK:
CMP: 543.65
Target: 690
SL: 522
Period 1 Month
AUBANK Buy on BreakoutNice narrow range from last 30 days. Once break the 746-750 level, go for Long.
IF it Crosses 745 ..Market BUY!cross this major resistance and we fly to 1200 pretty quick so not a bad trade to hold on to since new ATH is almost assured in a few years.
If aubank shows uptrendIf aubank cross 849 then expect a good move upwards, if it cross down to 627 then bearish, but now in daily candle it moves upwards might expect to move upwards upto august afterwards there are many hurdles for banking sector.
AU Bank ... Can we go LOng her We can Go long till PRZ... 700+ ... PRZ marked.. Weekly Chart ....do note that
AU Small Finance Bank near to breakoutCreating higher high since 3 day and also crossed last month High with High delivery %. RSI is close to overbught, Price moving to first resistance 566 levels. If 566 will break then it will move towards 610 levels.
(Disclaimer: Only for education purpose.)
AU SMALL FINANCE - Flag PatternA Bull Flag pattern has formed in AUBANK (NSE).
The price had been Trading in a Range between 640 & 700 for nearly 5 Months now. And now we see a Bull Flag pattern in it.
The candle patterns are also indicating a Slowness in Selling pressure, arising from the Round number Resistance, 700.
After months of Grinding, now the Buying is picking up momentum - which is indicated in the last Candle.
A break above 700 Could trigger a Strong Up move in AUBANK in coming weeks.
