NeeteshJain

ABAN - New Impulse Wave (Go Long)

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