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Today we are going to talk aboutAVANTIFEEDS The level to watch is 620 Remember we are only expressing our opinion on the stock there is no recommendation at al.For detailed analysis watch the video and provide your feedback so that we can improve ourself.
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Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
AVANTIFEED seems to be reversing from its long term 61.8 retracement zone. The stock has been hovering in the 38.2 and 61.8 zone for almost a year. Looks like a good buy here for eventual target of 750.
As you all traders can clearly see it has given breakout of trend line ( Which was respected since last one year i.e 27 august 2020 ). One year breakout is generally considered huge and best part is volumes are supporting this breakout. Just check the volumes on 12-05-2021 and 14-05-2021 , these are huge volumes showing more and more buyers are interested.
AVANTI looks highly overstretched. Buying at this levels not recommended. A close below 340 on weekly charts can trigger a fall which can be very string and fast.
Wait for 180-220 levels and after that lets take a decision wether to buy or avoid.
NSE:AVANTIFEED Stock falling sharply. If we see Monthly/ Yearly Pivotal confluence zones, It is somewhere around 1050 Zone. BUt if we take Fibo levels, If stock bounces from 0.618 zone i.e 1450 area, Safe buy would be above 2350 as per AB=CD Fibo theory. Also see how stock found Resistance near Fibo Yearly Pivotal R1 zone.
Also 1 always gets the clue. In this...
NSE:AVANTIFEED If we look @ the monthly chart & apply Fibonacci, Now stock is nearing 0.618 Golden ratio. (1440 zone). So 1 need to watch how this stock behaves @ this level. Given if & only if stock bounces from this important golden ratio zone one can expect stock to reach 4000 in 300+ days or even 4400 (161.8% of Fibonacci extension). But plz do note that just...