-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...
Avanthi feeds Triangle breakout
Just wait for it to retrace till 2400 Enter near 2400 Target 2750 SL 2330
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.
There is clear down trend in Avanti feeds and every rally is used as opportunity for exiting. Levels marked on chart
if positive breakout happen then we can see 2590,2944,3540 . we can see pinbar which giving postive look to chart
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.
24-01-2018 BUY AVANTIFEED ABOVE 2571 TGT1=2597 TGT2=2678 TGT3=2940 closing base SL=2515
17-01-2018 SELL AVANTIFEED BELOW 2476 TGT1=2408 TGT2=2281 TGT3=2101 closing base SL=2536
Dear All , Everything is mentioned Over the Chart ... Good Luck !!!