AU Small Finance Bank Limited (AUBANK) Stock - Complete Technical Analysis - Sep 17, 2024

AU Small Finance Bank Limited (AUBANK) Stock Analysis Key Support & Resistance Levels

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. AU Small Finance Bank Limited (AUBANK) is currently trading at 719, which is 11.55% below its 52-week high and 29.93% above its 52-week low. The stock has been showing signs of bullish momentum, as indicated by its strong RSI, but the overbought conditions seen in Stochastic %K suggest that a short-term correction could be possible. The ADX shows a strong trend, indicating that the current bullish momentum could continue if no major resistance is encountered.

The MACD remains in positive territory, suggesting that the stock is still in an upward phase. Momentum indicators like the Awesome Oscillator and Bull Bear Power also reflect strength, while the Williams Percent Range hints that the stock is nearing overbought levels. The stock is trading above key moving averages, such as the 10-day and 50-day EMAs, indicating a solid bullish sentiment.

Support can be found around the 710 and 680 levels, while resistance lies near 730 and 750. A breakout above 750 could lead to further upside, while a drop below 680 could signal a short-term correction. Traders should watch for volume spikes and MACD crossover signals to confirm any trend reversals or continuations.