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CA Omkar Bhutada - SEBI Reg IA

11th Sep ยท SEBI-Registered Analyst

๐ŸŸ Avanti Feeds โ€“ Long-Term Cup & Handle Breakout in Making

AVANTIFEED
๐Ÿ“Š Technical View Pattern: A multi-year Cup & Handle structure visible since 2017. Breakout Zone: โ‚น980 is the neckline โ€” a monthly close above this could unleash a major rally. Targets: Post breakout, measured move points to โ‚น1,350โ€“1,400 (โ‰ˆ45% upside). Support: Strong demand base near โ‚น600โ€“650. Volumes: Recent candles show rising participation โ€” early accumulation signs. ๐Ÿ”Ž Fundamental Snapshot Sector: Aquaculture & Shrimp Feed (Indiaโ€™s largest shrimp feed manufacturer). Strength: Strong export presence, robust margins, and leadership in market share. Triggers: Rising global shrimp demand. Government support for seafood exports. Falling raw material costs boosting margins. โšก Trading View: Long-term investors can accumulate on dips above โ‚น650. Big breakout confirmation only above โ‚น980 (monthly closing basis). If triggered, stock could head toward โ‚น1,400+.

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