AVANTIFEEDS is looking strong, on the verge of BO of 3 yr long trendline.
- Trending stock in daily Timeframe
- Weekly RSI levels have crossed 60
- One can see Ascending Triangle Formation as well on the chart.
All the key levels are mentioned in the chart.
One can go long here or in dips around 520-550 levels with SL 465 WCB
Possible Breakout Before August, 2021.
T1: 660, T2: 760, T3: 830, T4: 960
T5: 1100 (Before Dec, 2021)
480-520 would be Immediate Support Zone
550-520 would act as Immediate Resistance Zone.
Only an educational view
Avanti feeds trading in a range of 370 - 450 from past 1 month.
The range break will decide the further trend in the stock, till then i am keeping it my watching list as it could be a good breakout trade sometime soon.
This looks like a perfect example for a count that might actually play out on the hyperwave structure. As you can see this movement down from ATH looks more like a WXY (3-3-5) , with an ending diagonal indicating an end approaching to this downplay. My target for Z of this larger Y is below that gap near INR 300-330 range which yet to be filled. It'll be...