AVANTIFEED:- Head and shoulders pattern formed, wait for breakout
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rest details mentioned in the chart.
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Avanti feed long
Forming a long term triangle pattern and at the lower end. Expecting some up move in near term. Breakout will take more time. But short term up move is expected.
Levels - 429 - 578
No recommendations, Just my view based on chart pattern.
Stock Name - Avanti Feeds Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 500
#This is not Buy and Sell recommendation to any one. This is for education...
For past 1 month - trading in a narrow range (Consolidation)
Trading in No Supply zone. However, any small movement towards the upside is also negated due to No demand.
Trading just above the support line.
In case if breakout upside is above 426.5: the next target is 435 and then 485
If breakout on the downside below 395 -- next...
Avanti Feeds Ltd - 17.06.2022
The stock is trading @ 405 levels
There is a STRONG SUPPORT ZONE at 395 levels
There is a MACD Bullish Divergence in Daily Chart
There is a STOCHASTIC Bullish Divergence in Daily Chart
Let the prices go above 415, one can initiate a BUY with support @ 395
Watch out for the price action
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
share name : Avanti feeds ltd
call type : positional
- After giving a good move 412-675 share is consolidating on retracement of .618
- share is consolidating in a range (525-591)
- 591 - acting as a huge resistance
- if a breakout comes, we can accumulate this
share above 591 for the target of 675 .770 with sl of 550
I will buy AVANTIFEED because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 550
Target : 670/690
Stop loss : 520
AVANTIFEED has formed a beautiful flag pattern.
Entry- 636 -40 ( break out of flag on upside)
SL- 612 - Base of the flag
Target - 750-760 - (ENTRY plus length of pole approx )
Do not Enter in Trade directly wait for it to close above the flag.
This is Breakout trade only based on Chart patterns- am not considering the fundamentals of...