We have identified a bullish setup in AVN, highlighted by the following observations:
Bullish Trend: AVN is in a confirmed bullish trend. Sideways Movement: Currently in a sideways consolidation phase. Bearish Divergence: Previously present but now dissolved. Support Line: The price is at a horizontal support line. RSI: Supporting a bullish flag pattern, indicating potential upward movement. Entry Point:
Buy: At the current market price (CMP) near the horizontal support line Target Prices (TP):
TP 1: [Mark specific price based on technical analysis] 📈 TP 2: [Mark specific price based on technical analysis] 📈 Longer Ride: Must surpass point D with good volumes for a rally towards 76.00 Stop Loss (SL):
SL: Below the horizontal support line to manage risk Trade Summary:
Buy: At CMP near horizontal support line TP 1: [Specify target price] TP 2: [Specify target price] Longer Ride: Surpass point D with good volumes for a rally at 76.00 SL: Below horizontal support line Technical Indicators:
RSI: Supporting the bullish flag pattern Patience: Targets will be triggered soon, stay patient Trade Type: Long Swing 🎢
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