🚀 Avanti Feeds – Range Breakout Setup with Multi-Signal Strength!

Technical Analysis The chart shows a clear multi-month consolidation zone between ₹640–₹740, forming a rectangular base. Price has now broken above the upper boundary of the range, signalling the start of a fresh impulsive leg. Structurally, this resembles the early part of an Elliott Wave 3 extension, where long sideways corrections (Wave 2) precede strong directional rallies. The breakout candle is strong, wide-ranged, and supported by multiple weeks of higher lows — a classic sign of demand overpowering supply. The pattern height suggests an immediate upside target of ₹860–₹880, matching the projection shown on the chart. MACD & Momentum Although MACD isn’t shown, the tight consolidation followed by a sharp upside expansion typically aligns with: A bullish MACD crossover Strengthening histogram bars This confirms momentum is shifting firmly in favour of the bulls. AVWAP Behaviour Price has been holding above its key anchored cost zones during the sideways base formation. This indicates accumulation by strong hands rather than distribution, and no major overhead supply is visible until much higher levels. AVWAPs from critical swing lows would likely be rising and supporting the trend. Fundamental Snapshot Avanti Feeds remains a company with consistent profitability and strong return ratios, supported by stable demand in the aquaculture sector. The business maintains disciplined cost structures, healthy margins, and a reputation for operational efficiency. These fundamentals support the sustainability of the technical breakout. Overall Bias Trend: Turning bullish Breakout Zone: ₹735–₹745 Short-Term Target: ₹860–₹880 Medium-Term Potential: Higher if Wave 3 fully unfolds Stop/Invalidation: Weekly close back below ₹720 reduces momentum strength