AVANTIFEED trade ideas
Avanti Feeds - TrendLine Breakout (Seems to be a false one)Trend Line Breakout, but follow up buying was missing followed by poor results today.
The Stock might break down, let's see the market reaction.
Avanti feeds descending triangle triangle possiblityIt appears that Avanti feeds is forming a descending triangle pattern
AVANTI feeds monthly chart study - Broadening wedgeAVANTI looks highly overstretched. Buying at this levels not recommended. A close below 340 on weekly charts can trigger a fall which can be very string and fast.
Wait for 180-220 levels and after that lets take a decision wether to buy or avoid.
Avanti Feeds - Waiting for breakdownA descending triangle has formed in the downside and hence if there is a breakdown then further downside. Will Update the target once there is a breakdown. SO for now, waiting for breakdown.
10% chance there might be breakout. Hence waiting for confirmation
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Prawn Lovers be ready to eat..Double bottom Avanti feedStock made exact double bottom with Divergence
Appears that the scrip is in the last leg of consolidation. 440 seems to be support likely to hold. If it holds, we may see 512 in next 21 days.
Avanti feeds exactly @ 0.618 retrace ...should hold this lvl Avanti feeds exactly @ 0.618 retarce ...should hold this lvl
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..
#AVANTIFEED Descending triangle breakdown#AVANTIFEED CMP 2055 Completed a six month long classic Descending Triangle Distribution pattern. Broke below the pattern boundary of 2155 yesterday. If confirmed, the pattern target is 1350. Scary!
Avanti Feeds Breaking Out Of A Long-Term Falling Wedge-Stock breaking out of a long-term falling wedge.
-High volume on breakout along with high volume accumulation days within the pattern.
-Triple point divergence on the RSI.
-Triple point divergence on Stochastic.
-Triple point divergence on MACD.
-Stock respected a key resistance and formed a huge bullish pin bar just a few days ago. Maybe a shakeout.
-If Avanti sustains above the trend line, it can see 2700-2900 levels in a few weeks IMO.
Not an investment advice. Do your own due diligence.
Disclosure: Not invested, but will probably invest when the market opens.
Avanti Feed further upmoveAvanti Feeds after long consolidation gave good up move. If price close above 2450 on weekly basis much more chances to continue uptrend till 2900.
Trendline BO
Falling Wedge BO (Weekly chart pattern)
Wait and watch till close above 2400 and 2450.
Learner view - not an idea to trade.
Down trend in AvantiThere is clear down trend in Avanti feeds and every rally is used as opportunity for exiting.
Levels marked on chart
i think avantifeeds getting ready to feed us if positive breakout happen then we can see 2590,2944,3540 .
we can see pinbar which giving postive look to chart
