AVANTIFEED Breakout StockGood Above 900 on Closing Basis.
For Educational Purpose only.
Rationale:-
Volume:
Volume is greater than previous session by 848.49%.
Volume is greater than last 10 sessions average volume.
Volume is greater than last 10 sessions volume. That is a high volume.
Highest volume marked in last 20 sessions. That is a volume spurt.
Volatility:
ATR% of the stock is 3.96%
Average of last 20-day is 4.33%
Moving Average Observations:
Price remains above 200-day Moving average.
Price went above 50-day Moving average in the current session, it is a bullish crossover.
Price above 50-day, 100-day and 200-day Moving average.
Moving average alignment is bullish. It is an uptrend & a bullish setup.
RSI Observations:
The Daily RSI indicator has crossed above 50 in the current session. Current Daily RSI reading is 56.32.
The Weekly RSI indicator has remained above 50. This is a bullish zone. Current Weekly RSI reading is 60.34.
The Monthly RSI indicator has remained above 70. Current Monthly RSI reading is 72.59.
ADX Observations:
The Daily DMI position turned bullish. Its a bullish crossover.
The Daily ADX went up by 4.34%. Current ADX reading is 10.76.
The Daily distance between DMI lines is 28.43%.
The Weekly DMI position remains bullish.
The Monthly DMI position remains bullish.
Donchian Channel Observations:
Price is above middle Donchian channel (Bullish).
Price is at Upper Donchian channel band.
Upper band is rising. 20-day new high marked.
Difference between bands is 11.53%.
Ichimoku Observations:
Price above Ichimoku clouds.
Clouds are bullish.
Tenkan line went above Kinjun line in current session. Bullish crossover.
Tenkan line is above Kijun line. Ichimoku setup is bullish.
Current cloud range is 1.25% and Future cloud range is 11.34%.
Bollinger Band Observations:
Price is above middle Bollinger band (Bullish).
Price is above Upper Bollinger band.
Bands are expanding.
Difference between bands is 6.05%.
Avantifeeds
Avanti Feeds cmp 800.00 by Weekly Chart viewAvanti Feeds cmp 800.00 by Weekly Chart view
- Support Zone at 750 to 775 Price Band
- Falling Resistance Trendline Breakout done and now needs to sustain
- Rising Support Trendline seems to be respected and the Price is shouldering along the way
- Back to back Bullish Rounding Bottoms followed by recent Breakout this week with the Support Zone acting as the neckline to sustain
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
AVANTIFEED review --- 598 from 420, 42% gains in 5 monthsNSE:AVANTIFEED
cmp 561
posted on August 24, 2024, when the price was at 420 with a 30%–40% gain goal in mind.
The 1st target is achieved
The updated target is now 700. So let's capitalize on this trend and see how much more we can profit from
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
AVANTIFEED - Ichimoku Bullish Breakout 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 purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Avanti Feeds Near Symmetrical BONear Symmetrical Pattern BO
Buy Avanti Feeds
Closing Price - 564.85
SL - 400 (WCB)
Target - 1100