Trend reversal and retracement from oversold levelsAAVAS taking support and moving up near Fibonnacci levels of 61.8%
Company : AAVAS
Entry Price : 2610
Stoploss : 2350
Target 1 : 2872
Target 2 : 3003
AAVAS trade ideas
Aavas financiers for short term and long term as well.Aavas financiers is a fundamentally superior company when ccompared to its competitors and at present its just a bit up from its buy zone biut can still be bought aqs it still has much potential left and it can give 20% quick.
STOCK FOR TOMOROW AAVASGood morning/afternoon/evening Friends
Today we are going to talk aboutAAVAS The level to watch is2421 Remember we are only expressing our opinion on the stock there is no recommendation at al.For detailed analysis watch the video and provide your feedback so that we can improve ourself.
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AavasSome reversal may come here as there is continuous fall and last bar is small with good volume. It may possible that supply is over for near term perspective
Aavas FinanciersTechnical analysis -
1. Stock is in a continuous up trend
2. Crossed the pre covid highs (2100) in Feb 2021
3. Stock made a rounding bottom formation after crossing pre covid highs, which denotes continuation of uptrend
4. New high 3060 came post rounding bottom formation breakout
Trade -
1. Stock is in retracement mode
2. Rounding bottom breakout becomes the next buying range, 2520-2420
3. Short term traders can go long in the buying range for a target of the previous high (3060), which is around 25% gain from this buying range
4. Short term traders can use closing below pre covid highs (2100) as a SL
AAVAS - Potential mover 🔰 Studied waited and took a good entry in this one :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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AAVAS Consolidation BreakoutAAVAS breaking out from consolidation with volumes
Targets Zones: 2517-2675-2828
Stop Loss Zone: 2252 closing basis
Disclaimer: This is just my personal view. Please do your own research before trading.
#AAVAS 2422.35 #Target 2674(10%+) #stocks #tradingpsychology #IT #AAVAS
NSE: AAVAS
CMP 2422.35
Target : 2674
SL 2263
RR Ratio > 1.5
Time Frame < 30 D
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is Rs. 3225
This might take around 9-12 months from now.
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ConsolidatingConsolidating with upward bias. Support in short term is at 2198. Upward move may be seen in this week onward. Resistance around 2600-2650. For breaking out the said resistance zone will have to be crossed.
AAVAS spending time at all time high lets see the price & react The good thing here it is green candles are with good volumes and red candles are with low volume shows retracement or accumulation
All charts sharing here are for my practice purpose
AAVASThis stock is been in bullish trend since Nov 2020. And consolidating since many days at support of 15 SMA if it gives breakout Buy above 2262, SL 2183, Target 8 to 10%. For educational purpose only. Kindly contact your financial advisor before entering any trade.
AAVASNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Good opportunity for breakout trade of AAVAS There is good opportunity to buy AAVAS when it retraces to 2123 to 2052 levels.This breakout is backed up by good volume expansion.
