- Wealth PMS (50L+)
We added two stocks to the Momentum Portfolio:
1. Avanti Feeds This shrimp feed manufacturer broke out of a range and has been doing well on the charts. It was a level 5 outlier, and we decided to get in, with a full position, and a stop at 440. The weekly chart looks very strong. Additionally, Shrimp prices in the world are going up; Avanti will benefit. Further, India's shrimp exports are also going up tremendously, largely because shrimp suppliers in other countries seem to be losing exports.
Fundamentals: P/E is 13, so it's . . .