Every time this chart gave you a chance — it delivered.
Avalon Technologies has been running inside one of the cleanest ascending channels on the weekly timeframe since mid 2023. Lower band touched — stock rallied. Mid channel tested — stock bounced. Upper band reached — stock paused. Same pattern. Same discipline. Over and over again.
And right now — we're back at the upper band.
Late 2025 gave the last perfect entry. Lower channel support at ₹850 held like a wall. Nobody wanted it. Sentiment was weak. And then quietly — the stock launched. 75% in months. This week alone — +10.68% with volume hitting 6.1 million. The biggest volume spike in recent memory.
That is not retail buying. That is conviction.
Now the stock is knocking on the upper channel boundary at ₹1,499–1,500. This is the level that decides everything.
A strong weekly close above ₹1,500 — this channel trade becomes a channel breakout. Targets shift to ₹1,800 and beyond. Entirely new territory.
Rejection here — mid channel at ₹1,100–1,150 becomes the next stop and the next opportunity.
The channel has delivered every single time. The question is — what does it do this time?
Watch this one very closely.
Avalon Technologies has been running inside one of the cleanest ascending channels on the weekly timeframe since mid 2023. Lower band touched — stock rallied. Mid channel tested — stock bounced. Upper band reached — stock paused. Same pattern. Same discipline. Over and over again.
And right now — we're back at the upper band.
Late 2025 gave the last perfect entry. Lower channel support at ₹850 held like a wall. Nobody wanted it. Sentiment was weak. And then quietly — the stock launched. 75% in months. This week alone — +10.68% with volume hitting 6.1 million. The biggest volume spike in recent memory.
That is not retail buying. That is conviction.
Now the stock is knocking on the upper channel boundary at ₹1,499–1,500. This is the level that decides everything.
A strong weekly close above ₹1,500 — this channel trade becomes a channel breakout. Targets shift to ₹1,800 and beyond. Entirely new territory.
Rejection here — mid channel at ₹1,100–1,150 becomes the next stop and the next opportunity.
The channel has delivered every single time. The question is — what does it do this time?
Watch this one very closely.
ChartsWithVenu
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ChartsWithVenu
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.