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...
A 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...
Avanti Feeds Limited is a manufacturer of prawn and fish feeds, and shrimp processor and exporter. The Company's principal products/services are shrimp feed and processed shrimp. Its segments are Shrimp Feed and Wind Mills. It manufactures shrimp feed and markets it to farmers, which is used in aqua culture to grow shrimp. Shrimp are purchased from the farmers and are further processed and exported to various countries. It has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. Power generated from wind mills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under power purchase agreement. The Company has over three prawn and a fish feed manufacturing units in Kovvur, Vemuluru in West Godavari District, Andhra Pradesh, and Pardi in Valsad District, Gujarat, in India. It produces feed catering to the Indian prawn and fish farmers. Its shrimp processing and exports unit is located in Gopalapuram, East Godavari District, Andhra Pradesh.
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AVANTIFEED
