TradingView
vipulmehta817
Jun 7, 2021 1:24 AM

ABAN Offshore Cup and Handle Formation Long

ABAN OFFSHORENSE

Description

ABAN offshore is coming out from a two year bottom in the form of a cup and handle formation on the weekly chart. The weekly chart exhibits good volumes at the breakout zone of 36. Time to start building long positions with Fibonacci extension targets of 52/76 in the medium term.
Comments
Shakti16152
Sir medium term means 2 to 3 months ?
vipulmehta817
@Shakti16152, Looking at the weekly formation, yes I was expecting it to touch these targets in 2-3 months time. Kya pata tha 52 to 2 din mein hi aa gaya! :D
More