Triangle pattern formation in AUBANKTriangle pattern formation
Resistance breakout expectation above 654
Please follow strict risk reward and stop loss...
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V Trade Point
AUBANK trade ideas
BUY- AU Small Finance BankAU Small Finance Bank has taken support from the parallel channel where it is trading since July 2020 on Daily TF. If market condition doesn't go too negative in coming days, it can be good opportunity for Swing Trade.
Current price: 581
Target: 750 (29%)
Stop Loss: 548 (5.65). We should take 50% profit and trail SL to buying price when half of the target is achieved as market hasn't confirmed the recovery yet.
RR: 5.1
AU SMALL FINANCE BANK : Inverted Head & Shoulders Pattern FormatAU Small Finance Bank:
On Daily TF wee can see that stock from Aug.'22 made Inverted Head & Shoulders Pattern. Today stock has given above closing with high volume & showing strength to going up side with strong momentum and high volatility. Entry at CMP with SL 624, upside move can see at 678,700 levels in coming days..
AUBANK - Bullish Consolidation BreakoutNSE: AUBANK is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
AUBANKNSE:AUBANK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
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!
AUBANKNSE:AUBANK
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!
