Currently price is consolidated but good pick for long term.
Avantel is in telecom sector and not been so focused yet.
Stock is gaining volume slowly.
This is not buy or sell recommendation.
Do also
research on your own and invest :)
This can be good stock for long term
As in the upcoming budget government will be more focusing on
Defense sector
Railway sector
Infra sector etc
This can be a good pick
I am not sebi registered. Research on your own and invest :)
Avantel has been in an uptrend shown by HH HL. The stock has given rsi hidden bullish divergence moved above poc with volumes and a marabuzo candle. If stock opens higher than last close its going to continue its uptrend.
As per previous chart history and technical analysis along with Fundamental inputs of the stock, it indicates that you can buy or hold your stock for profit in short term as per chart analysis.
Wait for pullback from this RED Zone
If broken downward, a big bearish trend is seen on the downside chart
All major points & downward levels mentioned on chart
Do your...
Strong Breakout in AVANTEL with huge volume spurt on weekly time frame
Company has delivered good profit growth of 35.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
