Avanti Feeds :
Is forming a strong symmetrical triangle pattern on weekly timeframe at LTP: 507.35 and has been taking continuous supports on the primary trendline(yellow-dashed) and is respecting the trendline ever since 2016 till 2022 today.
The sudden rise in shrimp demands from china and USA has overpowered company's exports with good receivables too. This has happened for first time since covid-19 when the company's exports are in demand majorly by china. Being the Market leader in Aqua Culture and seeing Demand for the culture and Supply capabilities of the company. The stock looks poised to witness an uprise now from fundamental and technical aspects.
Key levels:
Support 1: 475 (7% downside)
Support 2: 416( Crucial)
Resistance 1: 587
(14.62% gain; Expected Time : 1-2 months)
Resistance 2: 670
Resistance 3: 770 (52.37% gain; Expected Time : 3-6 months)
Is forming a strong symmetrical triangle pattern on weekly timeframe at LTP: 507.35 and has been taking continuous supports on the primary trendline(yellow-dashed) and is respecting the trendline ever since 2016 till 2022 today.
The sudden rise in shrimp demands from china and USA has overpowered company's exports with good receivables too. This has happened for first time since covid-19 when the company's exports are in demand majorly by china. Being the Market leader in Aqua Culture and seeing Demand for the culture and Supply capabilities of the company. The stock looks poised to witness an uprise now from fundamental and technical aspects.
Key levels:
Support 1: 475 (7% downside)
Support 2: 416( Crucial)
Resistance 1: 587
(14.62% gain; Expected Time : 1-2 months)
Resistance 2: 670
Resistance 3: 770 (52.37% gain; Expected Time : 3-6 months)