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AAVAS FINANCIERS LIMITEDAAVAS FINANCIERS LIMITEDAAVAS FINANCIERS LIMITED

AAVAS FINANCIERS LIMITED

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AAVAS trade ideas

Harmonic Patterns on Aavas Financiers LtdIn this article, we will examine the current chart of Aavas Financiers Ltd. (NSE:AAVAS) and explore two prominent harmonic patterns: the Bat pattern on the weekly chart and the Black Swan pattern on the daily chart. Additionally, we will analyze the Relative Strength Index (RSI) on both timeframes to gain further insights into the potential market direction and strength. Weekly Chart - Bat Pattern: The weekly chart of Aavas Financiers exhibits a Bat pattern, a popular harmonic pattern used by traders to identify potential reversal zones. The Bat pattern consists of specific Fibonacci retracement and extension levels. Let's review the key aspects of this pattern: Entry: Traders looking to engage with the Bat pattern may consider entering at 1381. Targets: The first target level for this pattern is set at 1601, followed by a secondary target at 1820. These levels are derived from Fibonacci extension ratios and provide potential areas where price may reverse. Stop Loss: To manage risk effectively, it is recommended to set the stop-loss level at 1162. This level acts as a safeguard against adverse price movements. Daily Chart - Black Swan Pattern: On the daily chart, we observe the emergence of a Black Swan pattern, another significant harmonic pattern known for its predictive value. The Black Swan pattern provides potential reversal zones similar to other harmonic patterns. Let's explore the key levels for this pattern: Entry: Traders interested in the Black Swan pattern might consider entering at 1380. Targets: The first target level is identified at 1525, while the second target level is set at 1669. These targets, derived from Fibonacci extension ratios, represent potential areas where price may reverse or encounter resistance. Stop Loss: To manage risk associated with the Black Swan pattern, it is advisable to set the stop-loss level at 1235. Relative Strength Index (RSI) Analysis: The RSI is a widely-used oscillator that measures the strength and momentum of price movements. It oscillates between 0 and 100, with readings above 70 indicating overbought conditions and readings below 30 suggesting oversold conditions. Let's assess the RSI readings for Aavas Financiers: Weekly RSI: The RSI on the weekly chart currently stands at 33.8. This reading suggests a moderate bearish momentum and indicates the potential for further downside movement. Daily RSI: On the daily chart, the RSI is around 32, also indicating a bearish sentiment and potential weakness in the short term. Conclusion: The analysis of Aavas Financiers' chart based on harmonic patterns and RSI readings reveals interesting insights for traders and investors. The Bat pattern on the weekly chart and the Black Swan pattern on the daily chart present potential opportunities for traders to consider. However, it is important to remember that harmonic patterns are not foolproof and should be used in conjunction with other technical indicators and risk management strategies. Moreover, the RSI readings on both timeframes suggest a bearish sentiment, further supporting the potential for downside movement in the near term. Traders are advised to perform thorough research, assess market conditions, and seek professional guidance before making any investment decisions. Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Trading in the financial markets involves risks, and it is important to perform due diligence and consult with professionals before making any investment decisions.
NSE:AAVASLong
by yaashul
2
W pattern in AAVAS - 100% potentialAAVAS is currently trading below 200 MA despite having highest ever numbers in revenue and profit. CMP is at a support line where a W pattern was formed Mar-Jul 2020. Similar kind of pattern is being observed now. Current PE is 25 and median PE is 55 which indicates 100% upside potential once interest rate gets cut, which will lead to increase core business for the company. T1 - 1800 T2 - 2038 T3 - 3000 ( Which may take 1-2 years if company continues to perform better )
NSE:AAVASLong
by Manabala
Long bet in AVAAS FINANCIERS.>>Avaas Financiers Ltd is a major company that offers home loans. They operate in several states in India, including Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Punjab, Uttarakhand, Himachal Pradesh, Delhi, Odisha, and Karnataka. They have a widespread presence with a total of 346 branches. >>This company primarily focuses on providing home loans to people in the low and middle-income groups. What's noteworthy is that Avaas Financiers Ltd has been actively working to increase its sales numbers and profits. This performance makes their stock look promising for potential investors. >>In terms of its future, Avaas Financiers Ltd looks promising because it operates in a specialized niche within the home loan industry. The company intends to expand by opening 30-35 branches annually and entering two more states over the next 3 to 5 years. This strategy is expected to provide sustainable growth. >>Now, if we look at its chart, especially on a weekly timeframe, we will find that the stock has corrected 50% from its peak. After correcting, the stock is accumulating in an ascending triangle pattern. If it is able to break out of this pattern, we could consider entering the trade, as it has all the possibilities to provide decent growth in the long run. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:AAVASLong
by BullishLine
AAVAS FINANCIERS LONG TERM PICKI have tried to show probable moves based on past price movements. Price is currently at 2020 levels. company has good fundamentals and YOY growth. even if prices reaches to its all time high price, it has potential to give approx. 150% return in coming years. Digital Transformation: a) Company is undergoing a digital transformation project with a capital outlay of Rs. 120-150 crores, which will improve loan processing TAT by 30-40% and enhance customer experience. The project will also increase productivity and save costs b) Aavas has implemented Salesforce and Mule soft for the front layer of the systems and is currently undergoing a back-office and middle office transformation with Oracle Flex Cube and Oracle Fusion on Oracle Cloud Expansion Plans: Company plans to open 30-35 branches every year and add 2 more states in the next 3 to 5 years DISCLAIMER: I am not a registered financial advisor, and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions. Investing in the stock market involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions. Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions Disclaimer
NSE:AAVASLong
by StockEye_Club
Simple trend lineThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
NSE:AAVASLong
by AniketKabir
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in AAVAS BUY TODAY SELL TOMORROW for 5%
NSE:AAVASLong
by Kapil-Mittal
4