Aavas Financiers Limited (AAVAS) Stock - Complete Technical Analysis - Oct 18, 2024

Aavas Financiers Technical Analysis Key Support & Resistance Levels Trade Setup

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Aavas Financiers Limited (AAVAS) is trading around 1,731, showing consolidation after pulling back from its 52-week high. Support is seen at 1,700, with resistance near 1,780. Key indicators suggest a cautious outlook. The RSI, at 43, points to a neutral zone, while MACD remains in bearish territory, showing weak momentum. ADX indicates low trend strength, and the Awesome Oscillator signals negative momentum, adding to the caution. The stock is trading below its short-term EMAs, suggesting downward pressure, though it remains above the 200-day EMA of 1,684, a strong long-term support level. Stochastic indicators show oversold conditions, hinting at a possible rebound. Watch for a breakout above 1,780 to confirm a bullish move or a break below 1,700 for further downside potential. Volume remains stable, but traders should wait for a more definitive direction before entering.