Currency Grow (CA & SEBI Reg IA Omkar Bhutada) ยท 11th Sep
๐ Avanti Feeds โ Long-Term Cup & Handle Breakout in Making
AVANTIFEED
๐ Technical View
Pattern: A multi-year Cup & Handle structure visible since 2017.
Breakout Zone: โน980 is the neckline โ a monthly close above this could unleash a major rally.
Targets: Post breakout, measured move points to โน1,350โ1,400 (โ45% upside).
Support: Strong demand base near โน600โ650.
Volumes: Recent candles show rising participation โ early accumulation signs.
๐ Fundamental Snapshot
Sector: Aquaculture & Shrimp Feed (Indiaโs 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.
โก Trading View:
Long-term investors can accumulate on dips above โน650.
Big breakout confirmation only above โน980 (monthly closing basis).
If triggered, stock could head toward โน1,400+.