SWING IDEA - AVANTI FEEDS
Updated
Avanti Feeds, a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
target - 770 // 900 // 975
Stoploss - weekly close below 485
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Multiple Tests at 600-650 Zone: The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through this level, suggesting strong bullish momentum.
- Symmetrical Triangle Pattern Breakout: The stock is breaking out of a symmetrical triangle pattern, a bullish continuation pattern indicating potential upward movement.
- Strong Bullish Engulfing Candle on Weekly Timeframe: The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
- 50 and 200 EMA Support on Weekly Timeframe: The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
- Break of Consolidation Zone of 5+ Years: Avanti Feeds is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend.
- Spike in Volumes: A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
target - 770 // 900 // 975
Stoploss - weekly close below 485
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
stock might rally soonNote
We can add more quantity if tomorrow's close is above 645Note
stock ready for a strong breakout, accumulate!Note
Consolidating near resistance zone, will probably breakout!Note
Accumulate !Note
ready for a rally, hold!Note
MADE A HIGH OF 24%++, close to 1st targetTrade closed: target reached
1st target achieved : 29%++
Disclaimer
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