Both the companies are from Aquaculture business and have done really well in last few years.
This recent article in Business Today gives you how confident the management is -
Trawling for Opportunities
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.
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Nooresh Merani
Securities covered above:: Avanti Feeds and Waterbase.
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Financial Interest:
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