Swing | स्विंग

AU small finance Bank | Swing Trade

On OCT-04 I have taken Long position In AU Small finance Bank, On Daily chart stock is looking strong. In AU Bank I made Long entry on 15 Min Chart after the confirmation of Bottom. In Swing trading always there is fear of overnight risk. As per my swing trading strategy, If Trade start going against me I prefer to sell OTM CE (or buy Put or short future), I use Margin Trading Facility (or MTF) to build my position in stock

Check this Front Page Link for my view before taking the Trade

For Previous Swing/Positional Trade click this Link

Check the below given chart from my entry Details

Au Bank intraday chart

04 OCT # on initial basis move was in Favour then Stock start correcting, on Closing basis I am having Loss of 8098. My view for 7 OCT available on Front Page click here for that

07 OCT # Today this stock shown some strength (Refer attached chart for possible Price Action), on Closing basis I am having Loss of 2478, Falling Resistance Line and Constant support Line is a sign of strength, Trading above 740 will be the sign of strength

AU Bank chart

08 OCT # Today in entire Trading session stock remined highly volatile, breking Trendline and Trading above 736 is must for further rise. On Closing Basis I am having Loss of  4738,

O9 Oct # Today failed to cross resistance and break previous Low(sign of weakness .  I am expectins Support in the Range of 680 to 700 ( 05 Sep Gap up opening should be respected ). On Closing basis I am having Loss of 13,558,

AU Bank Chart

10 OCT # Market respected the support Zone. On Closing basis I am having Loss of 15698,

11 OCT # Today stock shown some weakness. On Closing Basis I am having Loss of 19518,

14 OCT # Today in last one hour (prior to the closing) stock shown some strength and given reversal in the discussed Zone. On Closing basis I am having Loss of 15278,

15 OCT # Today Stock failed to show strength but respected given support. On Closing basis I am having Loss of 17358

16 OCT # Intially stock was weak but in second half shown strength and respected the level. On Closing basis I am having Loss of 17098 ( Refer Chart)

chart

17 OCT # Entire market was weak stock reacted in similar manner and closed near day Low but some how respected the discussed demand Zone. On Closing basis I am having Loss of 20898.

18 OCT# Today stock shown some stability. On Closing basis I am having Loss of 22218

21 OCT to 23 OCT # During these 3 Trading sessions Market corrected heavily,on 23 OCT (post makt) AU Bank declared its result let see how market going to react. on Closing basis I am having Loss of 35,000 apx

24 OCT to 25 OCT # During these 2 day Market corrected heavily, along with Market this stock corrected heavily despite giving good result. On closing basis I am having loss of 54,000 apx

28 OCT # Toaday market recovered and this stock also shown some strength and recovered. On Closing basis I am having Loss of 47678

02 Nov # On daily chart stock showing some consolidation. On Closing basis I am having Loss of 48783

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