Beautiful triangle pattern formed on Avantifeed on weekly timeframe with multiple support and resistance tested. On the weekly breakout candle there were some selling during end of the week so signifies some profit booking and sell pressure. However for the last two months it has been consolidating forming a Flag pattern on daily chart. Price is currently trading near long-term support. Could be ultra low risk entry given the long term reward.
Look at the daily chart
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial advisor before trading in any of financial instrument. Above information is just my view and is meant for educational purpose only.
Hope you guys have made some good gains in this one. Its still valid setup but the price has been moving slowly retesting support level (previously resistance). Can hold if you are still holding :-)