AyushSinghba

Avanti Feeds Breaking Out Of A Long-Term Falling Wedge

Long
NSE:AVANTIFEED   AVANTI FEEDS
-Stock breaking out of a long-term falling wedge .
-High volume on breakout along with high volume accumulation days within the pattern.
-Triple point divergence on the RSI .
-Triple point divergence on Stochastic .
-Triple point divergence on MACD .
-Stock respected a key resistance and formed a huge bullish pin bar just a few days ago. Maybe a shakeout.
-If Avanti sustains above the trend line , it can see 2700-2900 levels in a few weeks IMO.

Not an investment advice. Do your own due diligence.
Disclosure: Not invested, but will probably invest when the market opens.
Trade closed: stop reached
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