Consider a compelling swing trade opportunity in Aavas Financiers, a leading housing finance company in India.
Reasons are listed below :
Target - 1815 // 2400
Stoploss - weekly close below 1300
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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 momentum is evident by engulfing 22 previous weekly candles, signaling a significant shift in market sentiment.
- Breakout from 5-Month Consolidation: Aavas Financiers breaks out from a 5-month consolidation phase, suggesting a breakout from range-bound trading and potential sustained upward movement.
- Formation of Double Bottom Pattern: The absence of new lower lows and the formation of a double bottom pattern suggest a trend reversal and bullish sentiment.
- Sudden Surge in Volumes: A notable surge in trading volumes indicates increased market interest and potential accumulation by investors, supporting the bullish outlook.
Target - 1815 // 2400
Stoploss - weekly close below 1300
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights