AU BANK is in channel pattern for past six months and correct more than 20% since its last high.
The stock is fundamentally strong stock and now starts looking bullish from technical perspective as well.
Long Term Targets are 808 and 890.
Confluence To Support Our Idea:
*Approaching near 50 day EMA
*Taking strong rejection from demand area.
*Fib Retracemen @0.618.
We can look for buying opportunity on marked zone.possibilty to see new higher highs in coming sessions.
The stock is fundamentally strong stock and now starts looking bullish from technical perspective as well.
Long Term Targets are 808 and 890.
Confluence To Support Our Idea:
*Approaching near 50 day EMA
*Taking strong rejection from demand area.
*Fib Retracemen @0.618.
We can look for buying opportunity on marked zone.possibilty to see new higher highs in coming sessions.
