Sharing a fresh daily chart setup for Avanti Feeds Limited (NSE:AVANTIFEED). The price has recently bounced from a key support zone in the ₹640–₹650 range, showing signs of strength after a steep retracement. Volumes have picked up, which may signal renewed buyer interest.
Trade Plan
Entry Zone: ₹643–₹650 (Demand area recently respected)
Stop Loss: ₹626 (Below recent swing low)
Primary Targets: ₹673 (short-term), ₹687, ₹713 (medium-term)
Final Bullish Target: ₹767
Chart Observations
Price pulled back to an accumulation zone with marked demand.
Bullish reversal candlestick formation observed near support.
Risk-Reward on this setup is attractive, with a well-defined invalidation and multiple upside levels.
Watch for confirmation above ₹673 and ₹713, which may bring further buying momentum.
Notes
This setup combines technical support/resistance levels, volume spike, and price action for a disciplined trade.
Strong risk management is advised; market structure may shift quickly, so monitor stops and trail profits as price approaches resistance targets.
Disclaimer
This idea is for educational sharing only and not investment advice. Please do your own research before entering any positions
Trade Plan
Entry Zone: ₹643–₹650 (Demand area recently respected)
Stop Loss: ₹626 (Below recent swing low)
Primary Targets: ₹673 (short-term), ₹687, ₹713 (medium-term)
Final Bullish Target: ₹767
Chart Observations
Price pulled back to an accumulation zone with marked demand.
Bullish reversal candlestick formation observed near support.
Risk-Reward on this setup is attractive, with a well-defined invalidation and multiple upside levels.
Watch for confirmation above ₹673 and ₹713, which may bring further buying momentum.
Notes
This setup combines technical support/resistance levels, volume spike, and price action for a disciplined trade.
Strong risk management is advised; market structure may shift quickly, so monitor stops and trail profits as price approaches resistance targets.
Disclaimer
This idea is for educational sharing only and not investment advice. Please do your own research before entering any positions
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.