AUBANK
Weekly Analysis! Double Top Pattern Formation is AUBANK!
Double Top Pattern breakout in AUBANK!
RSI Divergence!
AUBANK crossed 50,100 and 200 EMA, will is leads towards further downtrend?
Analysis:(Only for Pattern Analysis)
AUBANK
formed Double Top Pattern on a Weekly time frame. We can clearly see on the chart that previous trend was uptrend and Double Bottom ideally formed after an uptrend so it's a valid scenario to be move ahead with the Double Bottom or M Pattern. I have done complete analysis on the chart so please have a look on it. Trade Psychology and Setup:
Entry = Current levels are not good for short(570-580)
Target = 495.70
Stop Loss = 674.95
Disclaimer = All my analysis is for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Avinash K.
