TradeTheTrends

AZRE, REVERSAL COMING?

Long
NYSE:AZRE   Azure Power Global Limited
Hello fellow traders and investors, here's another trade idea.
AZRE has recently pulled back to the previous support area . If AZRE makes a full recovery it offers a 100% ROI .

Technicals:
The Macd indicates that AZRE is oversold
The Macd indicates that AZRE is still in a downtrend
The Ema's indicate that AZRE is still in a downtrend

When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA

When To Sell:
I recommend selling at its previous high which offers a 100% ROI .

Fundamentals: AZRE engages in selling solar energy and it is the lowest-cost power producer in the world. They are expecting amazing growth this year and next year. They do have a debt to equity ratio of 3.25 which isn't great however with the growth of the overall industry they should be able to reduce this.

I will be watching this stock for potential buying opportunities and I will make sure to update you guys on this stock.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like and follow, Thanks.