AVANTI FEEDS
CMP 549
Box Breakout Expected
Channel consolidation once over, you can expect targets of 610, 650 on weekly close above 565
SL 538 dclbs after BO
Stay tuned!
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...
Avanti Feeds on the verge of breakout from a 3 month long downtrend channel. This in the back drop of stellar Q3 results. It just need one good day with 200k + volumes and upward journey resumes.
