Avanti Feeds Limited

🔹 Big Picture Structure From 2018 peak (~₹980): Deep multi-year correction Long rounded base (5–6 years) Gradual higher lows from 2020 onward Massive breakout candle above 2018 high This is a 6-year cup breakout on monthly timeframe. That’s institutional timeframe structure. 🔹 Elliott Wave View Primary degree: Wave 1: 2012–2018 explosive rally Wave 2: 2018–2023 complex correction Current move likely early Wave 3 of larger cycle If this interpretation holds: Wave 3 can extend significantly beyond prior highs. Measured move on chart ≈ ₹1,850–1,900 But Wave 3 extensions can overshoot. 🔹 Volume Confirmation Monthly breakout volume spike visible. That matters. Large timeframe breakouts require: ✔ Range expansion ✔ Volume expansion ✔ Decisive close above prior ATH All three present.