AU Small Finance Bank Ltd

The price action of AU Small Finance Bank Ltd is currently consolidating within a symmetrical triangle pattern on the weekly chart, with key Fibonacci levels in play. The stock has bounced off the 0.618 Fibonacci retracement level at ₹610.20, indicating potential bullish momentum.

Key Levels:

Support Levels:

0.618 Fibonacci Retracement: ₹610.20
0.786 Fibonacci Retracement: ₹585.50
Resistance Levels:

0.382 Fibonacci Retracement: ₹644.95
0.5 Fibonacci Retracement: ₹627.55
Potential Target:

1.618 Fibonacci Extension: ₹841.25 (~26.26% upside from current levels)
Technical Outlook: The stock is showing a strong possibility of a breakout from the symmetrical triangle pattern, targeting the 1.618 Fibonacci extension level at ₹841.25. A sustained move above ₹700.55 (key resistance) will confirm the breakout and likely propel the stock towards the target zone.

Strategy:

Buy Zone: ₹660-₹670
Stop Loss: ₹640 (below the 0.618 level)
Trend Analysis

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