The stock of Avanti Feeds has been gradually appreciating since November last year. The recovery began on the back of the support at ₹550. The uptrend continued, leading to the breakout of the resistance at ₹760 this week. The stock hit a 52-week high of ₹821.15 on Thursday before closing the session at ₹789.15.

Video Credit: Akhil Nallamuthu

Although there is a possibility for the stock to moderate to ₹775, we expect it to resume the uptrend and touch ₹880 in the short run. Therefore, participants can buy shares of Avanti Feeds at ₹789 and on a decline to ₹775. Place stop-loss at ₹750. When the stock rises to ₹840, trail the stop-loss to ₹790. Tighten the stop-loss to ₹840 when the price touches ₹860. Liquidate the longs at ₹880.

Note: The recommendations are based on technical analysis. There is a risk of loss in trading.