AUBANK Breakout confirm strong bullishAUBANK has given the breakout. It has been in the range then gave a breakout now again it has given the 2nd breakout people who missed the 1st rally might enter now. It will be a nice trade of 1:4 :: R: R.
Reason:
Bullish Flag and POLE breakout.
Support at the VWAP.
RSI is entering in Bullish zone.
Successful breakout after 5 months
High Volume is traded today.
Price > EMAs
Verdict :
Highly Bullish
Plan of action:
Buy: 754
Stoploss: 726
Target: 870
