Consider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India.
Reasons are listed below :
Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum.
Engulfing 22 Weekly Candles : The stock's bullish...
Mortgage bank lender's assets under management (AUM) up 22% y/y as of March-end, disbursements up 20%
** Citi believes AVAS can maintain margins despite rise in financing costs, sees AUM rising 24% in FY25 and 25% in FY26
** Jefferies maintains "Buy", with PT of 1,940 rupees; says it sees growth improving on the back of tech rollout, other initiatives
Taking a long position regardless of the bearish pattern!
The stock is down over 50% from its all time high and seems consolidation done!
Long in it!
Target-2200
Above that TSL!
stock near its support level and tasted it a couple of times already. Chances are high that it will break above the 1500 level soon and then can head towards - 1700-1800
However, the resistances are visible on the chart.
Aavas finance is a Nifty500 stock which has been taking a support on trendline.
Recently the stock has shown good volume accumulation near the trendline and jumped from the same.
The stock looks good technically as a buy on dip candidate uptil 1450 with a SL of below 1355 DCB.
The targets are 1750,2000++.
Idea is shared for educational purposes and should not be...
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...
As disclosed in the chart drawing, I have tried my best to keep balance in-between my instinct and popular indicators. This time I have tried using super trend with default. trading view settings.
I feel there is character change in price action today, in this script. So, I will watch it further with keen interest.
It will be in my watch list for study purposes.
Here in Aavas Financiers are already declined by 55% in the last few months and currently trading at the 1353 level with strong support at 1335 & 1330. Look like it will take reversal from this level now and again fly high for a strong target as below :
Buy Above 1385 level on a closing basis
Target 1 - 1510
Target 2 - 1588
Target 3 - 1700
Strict Stop loss -...
