MTF Stock Pick Buy Aavas Financiers Ltd For Target Rs. 2799 - HDFC Securities
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MTF Stock Pick Buy Aavas Financiers Ltd For Target Rs. 2799 - HDFC Securities
TECHNICAL OBSERVATIONS
AAVAS is in strong uptrend on Major time frame. After making a life high on 07th July 2021 it started correcting and halted near 2450 levels which also coincide with important role reversal area. Today stock has broken out from falling trend line with volumes on daily charts.
It also took multiple support of bullish trend line and resumed its upward momentum along with huge volumes.
RSI 14 on the Weekly time frame has taken support of 60 level and now moving higher.
+DMI & ADX is well placed above 25 level is observed on the weekly chart which indicates that bulls are in control.
Primary trend of the stock has been bullish as stock has been forming higher tops and higher bottoms on the weekly charts.
Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Buy Aavas Financiers Ltd Up to 3 Months @ Average Level 2366 CMP 2543 TGT 2799 SL 2284
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