AUBANK : Trade for Options Trading AU Small Finance Bank (AUBANK)
Liquidity Buildup: The ₹585-588 zone shows institutional buying activity, indicated by tight price ranges and volume consolidation. This zone acts as a demand area, where buying pressure is likely to sustain.
Weaker Supply Zone: Sellers dominate the ₹620-625 range but are weakening. If the price reaches this level again, a breakout is more probable.
Stop Loss Placement: Below ₹579, the demand zone fails, and the trade setup is invalidated.
Trade Plan:
Entry: Buy near ₹588 when the price approaches the demand zone with increasing volume.
Target: Exit around ₹620-625, aligning with historical supply resistance.
Stop Loss: Set at ₹579 to protect against demand failure.
Risk-Reward:
Risk (₹579): ₹9 below entry at ₹588.
Reward (₹625): ₹37 above entry.
R/R Ratio: 1:4 – an ideal setup for swing trades.
Educational Tip: Look for large green candles and volume spikes near the demand zone to confirm institutional interest before entering.
AUBANK
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.
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.
AUBANK Analysis::Double top is identified in this stock...
we have strong demand lies at 440 levels.
price is now at support zone...price is aleady moved tomuch downside...
it is risky to enter short...
wait for the retracement to enter short side again.
we have a chance of Head and Shoulders in this stock. which is a reversal pattern in this stock price.
key support and resistance levels is given in the chart, take a look at these levels and trade accordingly.
🇮🇳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
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
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!