AVONMORE - Weekly Chart Analysis, CMP - 124.25
Stock showing good strength. Quarterly results are good too.
Not much data to the left side. A probable VCP pattern breakout on good volumes.
It's sailing above all its key moving averages too.
Stock sustaining above 103 for two weeks now. Now, 103 shall act as support.
137- 182 are the levels that can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Not much data to the left side. A probable VCP pattern breakout on good volumes.
It's sailing above all its key moving averages too.
Stock sustaining above 103 for two weeks now. Now, 103 shall act as support.
137- 182 are the levels that can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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