AVN, Bullish Channel with Flag Breakout- Weekly Bullish Flag
- Breakout of flag
- Now trading in Bullish Channel
- Time cycle indicated
- A complete cycle takes around 220 days
- This cycle completed around 200 days
- New cycle and bullish moment is expected in next 20-30 days
- upcoming board meeting may trigger this cycle
- Buy suggested with SL of closing below 48
- Take profit on top of channel
- Ultimate target is 140
AVN
AVN potential Buy setup (Weekly)Reasons for bullish bias:
- Price bounced from ascending channel support
- Price respecting long-term upward trendline
- Strong weekly closing at support
- RSI is synched
Here are the recommended trading levels:
Buy 1(CMP): 54.55
Buy 2: 43
Stop Loss Level: 36
Take Profit Level 1: 69
Take Profit Level 2: Open