AAVAS Breakout Watch – Ready for a Bullish Surge?➡️ Resistance near ₹1,932 – Waiting for a bullish breakout
➡️ Next targets: ₹2,049, ₹2,410 on the upside if breakout occurs
AAVAS
Aavas Financers looking positive.Aavas Financers Ltd is into housing finance company. The company is known for providing home loans in rural and semi-urban locations of India. The company received Rs 345 crore investment from International Finance Corporation recently. Aavas Financers has in past signed an agreement with Asian Development Bank for receiving loan amount of $60 million specially targeting the 'women in lower income group’.
Aavas Financers Ltd CMP is 1695.50. The Negative aspects of the company are High Valuation (P.E. = 29.80), declining cash from operations annual, FIIs are decreasing stake. The positive aspects of the company are Low debt, zero promoter pledge, Mutual Funds are increasing stake and improving annual net profit.
Entry after closing above 1700. Targets in the stock will be 1742 and 1809. Long term targets in the stock will be 1860+. Stop loss in the stock should be maintained at closing below 1600.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
AAVAS Financiers Ltd Trend AnalysisRobust and consistent financing margin behind good profit growth of 44.2% CAGR over last 5 years.
Technically bearish and price may bounce near important key level at 1430 as highlighted.
The technical target of H&S pattern highlighted is somewhere around 1480.
Good to accumulate around 1350-1500 levels for the following targets:
Medium term swing target @ 2330 (55% ROI)
Long term swing target @ 3300 (120% ROI)
Long term positional target @ 4500 (200% ROI)
Do your own due diligence before taking any action.
Peace!!
#AAVE/USDT 2Hr UPDATE !!
Welcome to this quick AAVE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- AAVE is trading in an uptrend channel and respecting the support and resistance level. The support is $103.65 area and the major resistance is $120.59-$125.66 area. Try to grab some AAVE near support level with tight stop loss.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
AAVAS looks like reversal Showing strong sign of reversal from Area of Support, RSI - Oversold.
Watch for tomorrow movement - if closes green with confirmation - go long.
Good opportunity stock.
Follow for more ideas and share your thoughts in comment box.
AAVAS BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
