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 : Reversal can be seen tomorrow
We may see reversal from tomorrow in this stocks....Levels are given in chart.
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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.
Avanti feeds is fundamentally a sound company. The health score is excellent. We might be witnessing a BO anytime. It has tested the 585- 595 range yesterday. A temporary retracement is expected. HOLD if you have the patience.
LEVELS mentioned in chart.
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.