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Price and trend forecast of AUBANK for Tomorrow, Weekly, Monthly

AU Small Finance Bank Limited

Symbol: NSE:AUBANK

ISIN: INE949L01017

624.35

As on 2024-05-17

553.70 (52W Low) 813.40 (52W High)

AUBANK's Today's Performance

AU Small Finance Bank Limited started the day by opening at 625.25 today 2024-05-17. Its shares reached a high of 626.40 and dipped to a low of 621.65 in intraday. When the markets closed, AUBANK’s stock price settled at ₹624.35 per share. Also check out its key support and resistance levels.

AUBANK Buy/Sell Targets

Tomorrow, buy AUBANK when its price reaches ₹ 624.35 with a stop-loss order at ₹ 615.97. You can set the target price as ₹ 632.73 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of AUBANK for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for AUBANK

Downside Targets Value in ₹
Tomorrow Down Target 1 627
Tomorrow Down Target 2 629
Tomorrow Down Target 3 631

Important Levels for AUBANK

Holding Levels Value in ₹
Tomorrow Up Target 1 622
Tomorrow Up Target 2 619
Tomorrow Up Target 3 617
Based on where the stock opens tomorrow, if AUBANK opens on a positive note, our first target will be ₹627. If Target 1 is achieved, we will aim for Target 2 which is ₹629.

But if AUBANK falls below the average value of ₹624.13, you can enter a sell side position with target number 1 - ₹622 and second target - ₹619 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of AUBANK

Looking at AUBANK, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, AUBANK has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for AUBANK is moderate bearish.

Tomorrow's Volume based share price Forecast for AUBANK

AUBANK's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 29%.

Reversal detection for AUBANK

Predicted trend chart of AUBANK tomorrow for price forecast
AUBANK may trend may continue to be bullish since stock is making higher highs and we can get target of ₹622 in morning tomorrow
Target 1 tomorrow626
Target 2 tomorrow627
Target 3 tomorrow629
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with AUBANK's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if AUBANK opens on a positive note, our first target will be ₹626.62. If Target 1 is achieved, we will aim for Target 2 which is ₹628.88.

But if AUBANK falls below the average value of ₹624.13, you can enter a sell side position with target number 1 - ₹621.87 and second target - ₹619.38

AUBANK's Weekly Targets
1st Up Target 643.83
2nd Up Target 663.32
1st Down Target 609.93
2nd Down Target 595.52

As the week for AUBANK ended on bearish sentiments, we can expect further continuation of this sentiment. AUBANK's initial target will be 643.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 609.93 in the upcoming week.

Weekly OHLC Values
Open 635.90
High 648.90
Low 615.00
Close 624.35

Week for AUBANK started with an open price of 635.90, and the close was at 624.35. AUBANK reached the highest of 648.90 and dipped lowest up to 615.00 last week. This indicates a bearish sentiment for the week.

AUBANK full month swing targets
Monthly Up Target 1 677.73
Monthly Up Target 2 697.22
Monthly Down Target 1 576.03
Monthly Down Target 2 527.72

Targets of ₹677.73 can be expected to be reached in the coming month. Once AUBANK achieved this target, we can aim for the next upside target of ₹697.22.

AUBANK if fails to hold upside, down targets of ₹576.03 and ₹527.72 can be achieved by end of this month.

For complete three weeks if AUBANK is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as AUBANK

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

AUBANK is expected to reach the target of 626.62 in tomorrow's trading session.

After achieving the initial target in AUBANK, we will aim for higher targets of 628.88 tomorrow.

However, if AUBANK starts to trade below ₹624.13, then we will shift our focus to the sell side and aim for down targets of 621.87 and 619.38.