📊 Aavas Financiers Limited – Recovery After Downtrend
The stock is showing early recovery signs after a prolonged downtrend and is attempting to build bullish momentum.
🔎 Technical Observations:
• Strong prior downtrend with lower highs & lower lows
• Formation of a falling channel / wedge structure
• Price taking support from lower demand zone
• Gradual shift from bearish to neutral structure
• Momentum indicators turning positive
🔑 Key Levels to Watch:
• Immediate Support: ₹1210 – ₹1180
• Major Support: ₹1100 – ₹1060
• Immediate Resistance: ₹1280 – ₹1300
🚀 Upside Targets:
• ₹1350
• ₹1450
• ₹1550+
📉 Risk Scenario:
Breakdown below ₹1180 may invalidate the recovery and lead to downside towards ₹1100
📈 Trading View:
👉 Stock is in early recovery phase after downtrend
👉 Breakout above ₹1300 can confirm bullish reversal
👉 Sustained move may lead to trend continuation
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊