AVN Avanceon Limited Mid-Term Analysis 24 Feb. 2016

Rebound Insight

Our Pivot: 25.51

Our Preference: Start Buying AVN from current price and average it out till 28.90 with strict stop loss of 25.51 and profit target at 37.52 and 40.68.

Alternate Scenario: Downward penetration of 25.51 will call for 23.10.

NOTE: AVN is getting support from a rising trend line along with a horizontal supportive regions.

Recommendations: Start buying from current price and average it out till 28.90 with target at 37.52 and 40.68.

Weekly Chart with Supports and Resistances: