As my analysis, BSE:AVANTI has been given a strong breakout and sustained above level of 412.
Best level to take positional entry could be 413 with stop loss of 386 (-26 points risk). My expected upside target would be 470 (+57). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Market Cap ₹ 5,468 Cr.
Current Price ₹ 401
High / Low ₹ 488 / 321
Stock P/E 18.6
Book Value ₹ 134
Dividend Yield 1.56 %
ROCE 16.7 %
ROE 12.6 %
Face Value ₹ 1.00
Pros
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 35.7%
Company's median sales...
Avanti feeds is forming ascending triangle pattern, so wait till it gives a breakout and after breakout the first resistance is around at 517 but the target we will place will be slightly below resistance which will be 510-515. Whereas the stop loss for this stock will be around 375-380. Trade it simple.
India 2023 Budget will be beneficial for NSE:AVANTIFEED . As per my analysis, buy level is 400 with stop loss of 375 (-25 Points risk only)
My up side target will be 499.00 (+99 Points gain)
Note: This is my personal analysis, only for learning. Thanks.
I think Avanti feeds consolidate another 2 month or 4 month in this triengle then break out ... there is a big candle and big volume but for this candle your stoploss become big 6% . so in my vision if any single candle form in support zone and if it will make stoploss big so dur raho iss jaise trade se , but in single one or 2 day it will give you 7 or 8 % ....
AVANTIFEED STOCK is forming a triangle pattern. Go LONG(buy) or SHORT(sell) after breakout. I guess it may take long time to breakout. keep it in WATCHLIST
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Possibility of Breakout in AVANTIFEED in Daily and Weekly timeframe.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
