NeeteshJain
Long

ABAN - New Impulse Wave (Go Long)

BSE:ABAN   ABAN OFFSHORE LTD
It is been observed that the price action trending up on daily chart and recently breaks out of downward correction channel on daily chart . Today, Nifty corrected on a big move but the price action in this doesn't change. Bulls are in control and dominance in current scenario. It has completed 8 Waves cycle and now moving onto a new impulse wave. It is a good time to get long in this one.

Target: 268
Stoploss: 220

Trade active: Bulls in full control, reaching up to targets.
Trade closed: target reached: Targets reached successfully. Regards

Comments

i have 500 no with 243 should I hold are release waiting since October 2016
+1 Reply
@noumica, It is good script and you may hold with the stop loss of 218. Regards
Reply
noumica NeeteshJain
thank you
@NeeteshJain,
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One of my favourite stocks to throw me out of trading in 2008....hahaha.i had a buy of 5300 with major loss.
+1 Reply
NeeteshJain udaya.gujaran
@udaya.gujaran Now, it is a good time to cover up :) Regards
+1 Reply
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