Aavas Financiers - Technical Analysis - Short term opportunity
Current Price: ₹1869.30
Target: ₹2050+
Entry Range: ₹1860 - ₹1885
Stop Loss: Below ₹1800
Indicators & Moving Averages:
The stock is trading above key exponential moving averages (21-day, 50-day, and 200-day), indicating strong momentum and bullish sentiment.
The 21-day EMA crossing above the 50-day EMA suggests an upward trend continuation, especially with the price bouncing from the support levels.
Support & Resistance:
Support: ₹1800, which acts as a critical level to prevent further downside.
Resistance: Around ₹2000 - ₹2050. Once this level is breached, further upside is expected.
Outlook:
Given the strength shown on the chart, with multiple indicators aligning to support the bullish view, Aavas Financiers could see an upward rally, provided market conditions remain favorable. The risk-reward ratio seems promising with a well-defined stop loss, making this a potentially attractive setup for swing traders.
Target: ₹2050+
Entry Range: ₹1860 - ₹1885
Stop Loss: Below ₹1800
Indicators & Moving Averages:
The stock is trading above key exponential moving averages (21-day, 50-day, and 200-day), indicating strong momentum and bullish sentiment.
The 21-day EMA crossing above the 50-day EMA suggests an upward trend continuation, especially with the price bouncing from the support levels.
Support & Resistance:
Support: ₹1800, which acts as a critical level to prevent further downside.
Resistance: Around ₹2000 - ₹2050. Once this level is breached, further upside is expected.
Outlook:
Given the strength shown on the chart, with multiple indicators aligning to support the bullish view, Aavas Financiers could see an upward rally, provided market conditions remain favorable. The risk-reward ratio seems promising with a well-defined stop loss, making this a potentially attractive setup for swing traders.
Passionate Hustler. Lifetime learner. I dive into everything with full energy and never get bored—always exploring, always evolving. Join me on my journey as I hustle through life, learn new things, and share insights that inspire!
Passionate Hustler. Lifetime learner. I dive into everything with full energy and never get bored—always exploring, always evolving. Join me on my journey as I hustle through life, learn new things, and share insights that inspire!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.