AU SMALL FINANCE - Flag Pattern
A 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.
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.
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