AUBANK

has seen a sharp upward move recently and is now going through a healthy consolidation phase, which is normal after a strong rally. Importantly, the stock is continuing to trade above its 20-day EMA, indicating that the short-term trend remains positive and this level is acting as a strong dynamic support. Momentum indicators like ADX and MACD have flattened, which suggests that the stock is consolidating rather than reversing. There are no signs of major selling pressure, and the price structure remains stable. As long as the stock holds above the 20-day EMA, the setup remains constructive. A decisive breakout above the Rs 1,010 level can trigger the next leg of the rally. Conclusion: The overall technical structure is positive, with consolidation indicating strength rather than weakness. The stock is well-placed for an upside continuation once it breaks above resistance. Trading Strategy: Buy / Hold Above: Rs 1,010 Target: Rs 1,040 – 1,060 Stop-Loss: Rs 970 The risk–reward remains favorable as long as the stock stays above the key support zone.