Closed position and booked a profit of about 2.34% on the invested capital. But I still do expect that there is a potential move of about 18% more, for the price to reach and react from the upper trendline of the parallel channel. But due to some macro-economic uncertainties I do have to rebalance my positions and hence this early booking.
I'll consider a...
The stock has made a double bottom on it's support and bounced well.
It has broken 2 years old trendline with volume and now testing next resistance level.
If it breaks and sustains 1625 level we can expect it to maintain the bullish momentum.
This idea is for Educational Purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
- AAVAS has reacted from its demand zone
- It is now up more than 10-15% now
- If you are holding this then you can lock in some gains
- If you are planning to enter then wait for a retracement
NSE: AAVAS is looking good for positional target of 1800-2075-2350 with SL 1380 (Must)
This analysis is for Education purposes only. Not a buy of sell signal.
Fundamentals
Pros:
Solid Financials: Aavas Financiers boasts strong financials, reflecting its robust position in the home financing sector. Despite recent challenges, the company's fundamentals remain sound, as confirmed by thorough analysis.
Resilient Mutual Fund Interest: Despite fluctuations in FII and DII holdings, aggressive buying from mutual funds...
Aaava financier is looking good after downtrend stock has been consolidating in the same range form last few months. Stock has positively closed above 50-EMA and can give potential upside once it close above 200-EMA.
ROE :- 14.1
ROE 3 yr - 13.6
ROE 5 yr :- 13.2
Public Holding :- 11.4
PE :- Lowest ever since listed
Profit :- Highest ever and continuously growing
Reason for fall :- PE expanded unreasonably
Both time correction and price correction has happened
On a daily time frame Aavas is looking weak after touching its important resistance line (marked in yellow) we have seen selling pressure.
As in broader market we see profit booking which may lead to more correction in weak stock like Aavas it can further fall to its important support level (market in yellow) potential downside 9%.
The stock is following a trend as falling wedge. The following scenarios can be seen:
1. If the stock price is continued to follow the current trend on weekly TF, 1300/1200 may come easily.
2. If the stock price breaks the falling wedge and gives closing above TL on weekly TF, a descent gain of 20-40% i.e. 2200-2600. This can be supported by rising volume and...
In 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...
AAVAS 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...
>>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...
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
