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You are here : IndiaNotes >> Research & Analysis >> Companies >> Waterbase Ltd. >> Research

Avanti Feeds and Waterbase: Stocks around breakout levels on technical fronts

Nooresh Merani | 07 Jul, 2015  | Follow Author | Add to my Favourites 
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Both the companies are from Aquaculture business and have done really well in last few years. 

 

But on the Technical front both the stocks are around breakout levels.

 

Do note its a biased view as both the stocks are recommended as a trading idea in Technical Traders Club . Do your own research.

 

Below are the charts

 

Technical View on Avanti Feeds


 

- Multiple bottoms made at 1500 in last 6-8 monthss.

 

- Multiplele tops around 1800 mark.

 

- Good volumes in last couple of days and good price action today.

 

- A breakout beyond 1800 could create good momentum.

 

- Range of 300 points.

 

Technical View on Waterbase




- Triangle formation with a good base made at 45-50.

 

- After a massive run the stock has consolidated for 8-10 months now.

 

- Breakout seen above 60-663 levels.

 

- Triangle size is 15-20 points. .

 

- Volumes are yet to come up significantly.

 

Standard Disclosure -

 

I would always have personal vested financial interests apart from client exposures on all stocks discussed on the blog. So do your own research and risk management.

 

Securities covered above:: Avanti Feeds and Waterbase.


SEBI Registration disclosure – Investment Adviser


Financial Interest:


Nooresh Merani and his family/associates/ analysts do have exposure in the securities mentioned in the above report/article.


Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.


Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.


Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.


The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision




 
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About Nooresh Merani
Nooresh is an ace Technical Analyst and is proficient in picking winners from the mid-and small-cap segments. He is the Founder Director of Analyse India (www.analyseindia.com), a firm which has trained more than 800 individuals across India.

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.