Avanti 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.
Avanti Feed has been struggling for last 6 months or so. There is a downward channel pattern formation on weekly charts. Until it's breaks out, upside seems limited. Watch out for volumes in next few weeks.
1. This is an up trending stock
2. Formed a good cup like structure at the demand zone from where the stock has moved up significantly
3. This is a good are to re-enter in to the trade
Avanti Feeds on the verge of breakout from a 3 month long downtrend channel. This in the back drop of stellar Q3 results. It just need one good day with 200k + volumes and upward journey resumes.
AVANTI Feeds channel (study purpose only)
Avanti Feeds is currently trading in the lower half of the rising channel and bulls need to be careful at CMP (2540+) and accumulate only on dips until the channel bottom.
it is in support zone and near to breakout zone. 95% chance to breakout positive direction. 5% + Friday sentiment cause downfall of avanti. lets see what happen
Head Shoulder Pattern. Trading below 1559 for 1535-1540 short term target below blue dotted line which is neckline & then bounces upside between 1615-1630 to form right shoulder & then check -if you get a fall holding 1630-1640 levels upside for 1250-1290 Zone as the target downside in coming months & years ahead.
For Long term Targets of 1250-1290 - it should go...
