AVN Avancon Limited Short Term Analysis 13 Oct. 2017

Rebound Insight

Our Pivot: 30.30

Our Preference: Buy above 34 and average it out till 32.80 with strict stop loss of 30.30 and profit target at 37.60 and 40.90.

Alternate Scenario: Downward penetration of 30.30 would call for 2800.

NOTE:Supported by a horizontal supportive region along with supportive trend line which was previously a support.

Weekly chart with supports and resistances: