NSE:AVALON is attempting to give a breakout and one can buy this counter with a stop loss at 470 for targets till 715. Post 715, that will become the stop loss and one can trail it accordingly. Company is an EMS player and boasts of a fundamentally strong business. EMS companies have low margins but the growth is being driven primarily by volume (demand).
A setup that's looking extremely interesting
Long above 535 with SL below 500.
There is a convergence of moving averages which often signifies a big move is on the cards..
The 200EMA is close enough to provide for a low risk SL too..
Lets see how this plays out over the next few days.
Date : 24-02-2024
Buy AVALON above 518
Target of 565-600-620-676-730-841
SL 455
Strategy : RSI > 60 + EMA above 50 & 200
Duration few Months
Please consult your financial advisor before investing
All research for educational purposes only.
Avalon Technologies Limited is an electronic manufacturing services (EMS) company that is into PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, and end-to-end box build of electronic systems.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF AVALON TECHNOLOGIES' :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line
•Volume increases last few days high
•Bullish...
stock to watch
wave 3 just start and ecpected to end at 1481 and
wave 5 ends around 3831
this stock can multiply your investment 7 time
holding period 3 years
follow for more
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 545
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn...
One of the hottest sectors in the market currently with all EMS companies delivering 30%++ guidance for the next year.
A new IPO which a prime focus on aviation (high margin + technical). This stock could see a good upmove.
The stock is attempting to break above the IPO opening price. This often can lead to strong moves which tend to be vertical....
Positional buy hold for 6 months
The information provided here is only for educational purposes. The information provided here is not intended to be any kind of financial advice, investment advice, or trading advice. Investment in the stock market is very risky, and trading stocks, options, and other securities involves risk. The risk of loss in the stock market...
