Avenue Supermart’s inventory exhibits a powerful rebound from the help stage close to 3,400, with rapid resistance at 4,119 (38% Fibonacci retracement) and 4,340 (50%).
The value is above the 20-day EMA, signaling short-term bullish momentum, however beneath the 50-day and 100-day EMAs, indicating a broader bearish development. RSI close to 70 suggests overbought circumstances. Increased volumes help the restoration.
Situations should not favorable to purchase on the present worth; holding is really useful till a decisive breakout or higher entry level emerges.
(Disclaimer: Suggestions, solutions, views, and opinions given by consultants are their very own. These don’t characterize the views of the Financial Occasions)
