AVANTIFEED
AVANTI FEEDS, Follow the trendAVANTI FEEDS
Follow the trend
We may see the level of 530 in the short term.
On breakout trendline, we may see the level of 560.
Support is around 486.
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Updated on : 13-Aug-2020 9.30pm
Disclaimer: Only for learning purpose.
Avanti feeds (Something is cooking) Add to watchlistPrice is continuously contracting since the last 10 trading sessions and now they have arrived at a very crucial level to watch out for.
Something is really cooking and breakout on either side can be surely seen and you must keep an eye on this stock.
As per my level of thinking the stock should probably go upside after retracing 1% of the move and it will give breakout.
AVANTIFEED - Accumulation ZoneAVANTI FEEDS - is one of the major players in Shrimp exports - current headwinds are temporary for the stock and makes a candidate of long-term wealth creation
current price i.e. 283 is a great bargain price where one can own this company - further considering its volatility it can test its recent low of 250 and slippage below that opens door to 215-209-201 levels - further slippage below those level seems to be a difficult situation
NOTE : One should consult their financial advisor before making any decision to buy or sell equities
Avanti - Bounce back or continue fall ?Current levels are converging with 200 EMA
As seen from the previous bullish trend, it can bounce back or continue the trend reversal it has shown earlier.
Next one session might tell the story
Avanti feeds | worth to Invest ?This is my opinion on Avanti feeds for the investors
this company is in the business of prawns and shrimp and related feeds.
very briefly I will tell you why I'm not interested in Avanti
in this business, quality plays its measure roll.most of the earning comes from the USA and other European countries.
Indian companies were compromising with the quality and using some kind of chemicals (for cultivation and quality purpose) which are banned in the USA.
And the main problem is the moat.
this industry is having low competition, if someone wants to start this business he can go very easily not others like an oil refinery, dmart , specialty chemicals etc.
im not seeing any moat in this business, more and more competitors will be there and because of that companies will have to cut the margins to stay in the market.
Thank You!
AVANTI Feeds, Pivotal Points & the safe zone to buyNSE: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 scenario RSI was making Higher lows while stock was hitting Higher highs in monthly charts. There was your clue to book the profits or trail your stops (If you're holding in your portfolio).
Avanti Feeds nearing important 61.8% Fibonacci golden ratioNSE: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 bcz stock is hitting 0.618 zone isn't a blind buy. Stock should show some reversal signs like bullish power candle/ Hammer candle etc..
AVANTI Feeds channel (study purpose only)AVANTI Feeds channel (study purpose only)
Avanti Feeds is currently trading in the lower half of the rising channel and bulls need to be careful at CMP (2540+) and accumulate only on dips until the channel bottom.