AVT a possible buy for medium to long term...AVT was supposed to bounce at around 62 level, but it broke through...I have started buying a little and will continue to buy till it hits the trendline...Those looking to enter can do so now, or wait for some more bottoming process and keep multiple sell orders till ATH
AVTNPL trade ideas
AVTNPL Showing Good MomentumNSE:AVTNPL
............................................................................................................................................................................................................................................
Products
The main products of the Co. are - Marigold Extracts for Eye Care, Food Coloring & Poultry Pigmentation; Spice oleoresin and Oils for Food Coloring and Flavoring; Value added Teas - Decaffeinated Teas and Instant Teas; Animal Nutrition Products; and Rosemary extract.
............................................................................................................................................................................................................................................
Subsidiaries
The Co. has 2 wholly owned subsidiaries, namely AVT Natural Europe Ltd. & AVT Natural S.A. De C.v., Mexico. AVT Natural Europe Ltd. is the marketing arm of the Company for decaffeinated tea and instant tea. AVT Natural SA DE C.V, Mexico has been established with an aim to capture the market for the Animal Nutritional products in the South American market and other markets.
............................................................................................................................................................................................................................................
Wedge Breakout - AVTNPLPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Would Like to Exit !Hi @JainArpan
Thank you for the time,
Here I provided the levels for you which includes support and resistance as I don't know your entries so the levels would help so to manage your current position.
As I don't know about any fundamentals of the Script but as per me sellers are stepping in on each levels , so currently script is in downtrend so I would like to have exit if I get any Pullback,
as per wave counts it completed the 5th wave on the upper side and it is getting rejected each and every time, if you can manage and if you know that what are you doing and why are you doing then you add quantities on below levels.
As your Horizon is big so until it brakes the resistance on weekly basis and should hold that levels I would not advise to look for bigger targets.
Which script will become Multi-bagger we don't know and it looks like, that you are finding that Only.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Fundamental and Technical observation for AVT* Trade at your own risk . Take ideas only as idea . You are responsible for executing the trade *
* Panic sell off before earnings (Earnings were good in both period)
* Climbed back to target 50
* Trend line holds good
* Good risk reward ratio
Target 50
SL 39
AVTNPL - Rising Wedge patternAVTNPL has formed rising wedge pattern which can mostly break downwards since it is bearish reversal pattern. Please wait for confirmation to break down, retest and continue down to take entry. Target will be height of the pattern. This is not a trading advice. For my educational purpose only. Please trade on your own risk.