avantifeeds : good short term buy ....
AVANTIFEEDS : CMP 542
HIGHLIGHTS :
1. buy initiated based on
(a) midpoint support /demand price zone (540 to 530)
(b) symmetrical triangle pattern formation
(c) current price is at compression zone of triangle
(d) expected breakout price on upper trend line of triangle at (593 to 596)
TRADE SETUP :
1. buy up to 532
2. keep stop loss as 488
on closing basis
3.targets : 593/622/
666/712/766+
4. time frame two to three months
HIGHLIGHTS :
1. buy initiated based on
(a) midpoint support /demand price zone (540 to 530)
(b) symmetrical triangle pattern formation
(c) current price is at compression zone of triangle
(d) expected breakout price on upper trend line of triangle at (593 to 596)
TRADE SETUP :
1. buy up to 532
2. keep stop loss as 488
on closing basis
3.targets : 593/622/
666/712/766+
4. time frame two to three months
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