Cup & Handle Breakout in Avanti Feeds – Strong Upside Potential Ahead! 🚀

Technical Analysis This chart clearly highlights a well-formed Cup & Handle pattern, which is one of the most reliable bullish continuation setups in technical analysis. Cup Formation: Rounded bottom indicating gradual accumulation after a correction phase. Handle Formation: Tight consolidation near resistance, showing controlled profit booking. Breakout Zone: Price has given a strong breakout above the key resistance zone around ₹1435–₹1460 with a bullish candle. Elliott Wave Perspective The entire cup structure can be interpreted as a Wave 2 correction. The breakout suggests the beginning of Wave 3, which is typically the strongest and fastest wave. If this count plays out, a sharp trending move is likely. Momentum (MACD) MACD is showing bullish crossover with expansion. Histogram turning positive confirms momentum shift in favor of bulls. Supports the breakout validity. AVWAP Insight Price is trading above anchored VWAP, indicating strong institutional support. AVWAP acting as dynamic support strengthens the bullish bias. Fundamental Strength Strong presence in aquaculture export business. Consistent earnings growth and improving margins. Beneficiary of global demand for shrimp exports. Trade Setup Breakout Level: ₹1450 zone Target: ₹1700+ (as marked ~17–18% upside) Invalidation: Sustained close below breakout zone Conclusion This is a multi-signal confirmation setup: ✔ Cup & Handle breakout ✔ Elliott Wave 3 possibility ✔ MACD bullish momentum ✔ AVWAP support Such confluence setups often lead to explosive moves if market conditions remain supportive.