AbhishekHSinghCMT

AvantiFeed - Head & Shoulder for 1250-1290 with Top@1660

NSE:AVANTIFEED   AVANTI FEEDS
Head Shoulder Pattern. Trading below 1559 for 1535-1540 short term target below blue dotted line which is neckline & then bounces upside between 1615-1630 to form right shoulder & then check -if you get a fall holding 1630-1640 levels upside for 1250-1290 Zone as the target downside in coming months & years ahead.

For Long term Targets of 1250-1290 - it should go below 1485-1500 zone as second layer of confirmation point.
Trade active: 10:41 Hrs 17th July2017

Last Price@1611

Opens gap up at 1590 &Makes high for the day 1630 looks like Right Shoulder formation started.
Trade active: 15:25 Hrs 18th July2017

Last Price@1599

Turns from 1643

Trade active: 11:01 Hrs 25th July2017

Last Price@1597

Right Shoulder looks like done in the zone 1650-1660 zone. We are still taking this as H& S pattern as it failed exactly at tops of 1660 & did not give close above that level.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Avanti feeds ltd following as it is ur chart . Excellent
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AbhishekHSinghCMT rajesh.kottapalli
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Touched today 1633
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@AbhishekHSinghCMT , at what price you want me to take a short position? Is it at 1630/- or 1577
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@chandu_Trade, 1630-1640 was advised in the update above because risk was 20 points above at 1660.
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Thanks Abhishek.
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Same chart pattern india bulls housing
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Thanks .
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@AMBRISH, Welcome
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Thanks alot Bro
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