Ticker: AUBANK | Timeframe: Weekly (1W)
Why Sell?
Price has surged beyond +2% above HMA 10, signaling short-term overextension. This week’s candle touches a long-term trendline resistance, while volume drops sharply, indicating fading bullish momentum. Historically, such confluence leads to pullbacks or sideways consolidation.
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🔻 Trade Setup – Short Bias
- Sell Zone: ₹875–₹880
- Target 1: ₹845 (HMA 20 zone)
- Target 2: ₹820 (HMA 30 support)
- Stoploss: ₹895 (above trendline breakout zone)
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📌 Technical Confluence
- ✅ Price >2% above HMA 10 → Overbought
- ✅ Volume drop → Weak conviction
- ✅ Trendline resistance → Historical rejection zone
- ✅ Weekly timeframe → Stronger reversal reliability
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💬 “When price runs ahead of momentum and volume fades, the smart money steps back.”
Follow for more setups like this. Drop a comment if you’re watching this reversal too!
Why Sell?
Price has surged beyond +2% above HMA 10, signaling short-term overextension. This week’s candle touches a long-term trendline resistance, while volume drops sharply, indicating fading bullish momentum. Historically, such confluence leads to pullbacks or sideways consolidation.
---
🔻 Trade Setup – Short Bias
- Sell Zone: ₹875–₹880
- Target 1: ₹845 (HMA 20 zone)
- Target 2: ₹820 (HMA 30 support)
- Stoploss: ₹895 (above trendline breakout zone)
---
📌 Technical Confluence
- ✅ Price >2% above HMA 10 → Overbought
- ✅ Volume drop → Weak conviction
- ✅ Trendline resistance → Historical rejection zone
- ✅ Weekly timeframe → Stronger reversal reliability
---
💬 “When price runs ahead of momentum and volume fades, the smart money steps back.”
Follow for more setups like this. Drop a comment if you’re watching this reversal too!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.