AVN is currently within a Bull Flag pattern, facing resistance around 53. Multiple barriers hinder breakout. Anticipation for bullish reversal towards 56-59 post-breakout; breach below 49 signals potential bearish momentum.
AVN is in a bullish trend. 2 hourly channel tops. Consolidating to go for further targets at 63 after crossing 66 is our next target.
Sell AVN from 63-66.
Buy AVN from 59-61.
SL At 57.
* Bullish Pin Bar & Closing Just Above
Symmetrical Triangle on Daily Basis
* Bullish on Hourly Basis
* 62 should be Crossed & Sustained for
Further Upside
AVN has finally given a breakout from the declining phase, and is currently breaking the previous lower high. After the formation of a higher high, a bullish rally is expected to be triggered from here. Targets are mentioned on the chart.
𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐉𝐚𝐧-𝟐𝟕 (Weekly TF)
𝐒𝐜𝐫𝐢𝐩𝐭: Avancoen (𝑨𝑽𝑵)
Considering the price action, and price 40.5 as the bottom of larger wave and start of wave , there are two major scenarios for a 𝑙𝑒𝑎𝑑𝑖𝑛𝑔 𝑑𝑖𝑎𝑔𝑜𝑛𝑎𝑙 𝑤𝑎𝑣𝑒.
𝐀 - 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐝𝐢𝐚𝐠𝐨𝐧𝐚𝐥 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝟏: (𝐁𝐥𝐚𝐜𝐤 𝐥𝐢𝐧𝐞𝐬)
1- The wave movement does not seems to be
impulsive, rather more looks like diagonal since
wave 3...
AVN is trade with Head and shoulder pattern.
As the price is been on high bull run but now it seems like price is lacking bullish momentum after making Head and shoulder pattern , LH suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 37.
We can take short entry at break of neckline of Head and shoulder pattern so...
Looking at the chart, we observe the formation of a symmetrical triangle pattern. The converging trendlines suggest a period of indecision in the market. As breakout is observed, we could see a bullish continuation with a potential target based of 68 on the triangle's height. Conversely, a downside breakout might indicate a bearish move (stop loss: 50), and...
AVN is extremely bullish at daily time frame, it is bouncing from the trendline, and defining new higher highs and higher lows according to Doe theory. The trend is more likely to continue further and there is ample room for growth in the price of the asset. The analysis further validated through AB=CD pattern projection. Targets are mentioned on the chart.
P.S...
AVN tested bottom now forming flat top Ascending Wedge pattern which is bearish reversal immediate TP around (Rs:70)
Sharing for Learning Prospect
Regard
![AVN: AVN is in major wave [5] since 2023](https://s3.tradingview.com/6/614RcX5K_mid.png "AVN is in major wave [5] since 2023")
