Avanti Feed structure . strong volume from lower end of the band

24 בנוב׳ 2022

Very theoretical setup and would always love to see how it ends. Fisheries and shrimps are not doing that great with India not set to export as much as targeted due to impending inflationary issues in EU and USA. But does the chart knows something that we dont? Is there a possibility of bounce back with cost of soya and oil gng down ? would be interesting to observe monthly closing of november. If its with strong volumes and above the lower band we may see some upside till upper band of the triangle.

1 בדצמ׳ 2022

עסקה פעילה

Barely closed above the support. But we need to respect the technicals here for monthly closing. Margin of safety is high since near support but chances of SL triggering is also high.