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SWING IDEA - AVANTI FEEDS

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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 :

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 :

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@visionary.growth.insights

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stock might rally soon

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We can add more quantity if tomorrow's close is above 645

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stock ready for a strong breakout, accumulate!

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Consolidating near resistance zone, will probably breakout!

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Accumulate !

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ready for a rally, hold!