Avantel Limited

Avantel Ltd (Weekly Timeframe) - Can it sustain the BreakOut??

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Avantel has been on a downtrend since it's IPO. Since Apr 2025, the stock has been in an uptrend by forming Higher Lows. In the process the stock was able to BreakOut of a key angular resistance as well as a horizontal resistance with a 17.94% surge accompanied with exceptionally huge volume while the short-term EMAs are still in PCO state.

If the momentum continues with some good price-action during the coming week, we may see the stock reach 189 levels. On the downside, we may see the stock reach 123 levels.

Let's watch-out for the price-action during the coming week.

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