Avanti Feeds Showing Strength.NSE:AVANTIFEED today Crossed above Major Key Levels and Respecting 200 DEMA in this Weak Market and Currently Closed above 10 DSMA with Huge Volumes and RSI and MACD Showing Strength.
A move up to R1 and ATH Looks Possible Positionally until S1 and 200 DEMA is Protected.
NSE:AVANTIFEED manufactures and sells shrimp feed, and exports processed shrimp also it is the largest producer of shrimp feed in India with a market share of ~45% in the domestic feed business.
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Avantifeedlong
AVANTI FEED Swing Long Setup - Avanti Feed is currently trading at 684
- Avanti feed recently made a high where we saw it moving up impulsively and it continued to rally for weeks
- Post the rally we saw prices taking healthy retracements and it's trying to form a small base now
- If you look at this small range a lot of scalpers might have got trapped with the wick shown as Sell Side Liquidity or if you look at the basic support which a lot of retailers consider
- Before looking for swings and positional plays make sure that you wait for the base to mature first and then take entries as of now try to learn and understand the price delivery
- I will post another update once I see this ready for an upside if it does before that I will scout another stock, till then trade safe manage risk and stay tuned
Avanti Feeds Ltd - 17.06.2022Avanti 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
avanti feeds ltdshare 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
Thanks