AU Small Finance Bank Ltd

NSE :AUBANK   BSE :540611  Sector : Banks

AU Small Finance Bank Limited stock gained 5.39% in the last trading session on Friday. Stock closed at 1046.05 on NSE.

Stock is trading above 10,20,50,200 Exponential moving averages which suggests trend for the stock has resumed the uptrend, Comparative relative strength index shows signs of bullishness in the stock and AU BANK can outperform in the private banking sector.

As from the above chart we can clearly observe that the stock is trading in an upward sloping channel pattern, it closed above the channel resistance levels of 1040.

We suggest swing trades and Intraday trades to go long on AUBANK for the targets of 1083.00 & 1172.00 stop loss should be placed below 1019.00