Technical Analysis: AWFIS Stock
Unlock the potential: AWFIS stock analysis shows a promising upside.
RI
by RA ALOK DAIYA SEBI Reg. INH000011468
About Awfis
Awfis is a leading provider of flexible workspaces. They offer a variety of services, including coworking spaces, meeting rooms, and virtual offices. Awfis boasts a network of over 100 locations across India. They offer a variety of membership options to suit the needs of different businesses. Awfis is committed to providing its members with a comfortable and productive work environment.
Key Price Levels
810.00
Current Market Price
730.00
Stop Loss
860.00
Target 1
945.00
Target 2
1060.00
Final Target
Bullish Chart Patterns
Hammer
Bullish reversal pattern at bottom of downtrend
Inverted Hammer
Bullish reversal pattern with long upper shadow
Bullish Engulfing
Bearish candle followed by larger bullish candle
Trading Strategy
1
Enter Position
Buy at current price or on pullback
2
Manage Risk
Set stop loss at 730.00 EOD
3
Take Profits
Scale out at 860.00, 945.00, and 1060.00
EOD Stop Loss
A stop loss order is a crucial risk management tool for traders. It helps limit potential losses on a trade by automatically exiting the position when the price reaches a predetermined level. This level is determined based on the trader's risk tolerance and market analysis. By setting a stop loss, traders can protect their capital from excessive drawdown in case the market moves against their position.
In this scenario, the recommended stop loss for an AWFIS stock position is 730.00. This means that if the stock price falls to 730.00, we have to wait for the closing, limiting any further losses. The stop loss level should be chosen carefully, considering factors like the entry price, support levels, and overall market volatility. Stop losses can be set at the end of the trading day (EOD), depending on the trader's preference and strategy.