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 📊