Huge consolidation on weekly.
Price traveling above 20-50 ma on weekly.
Price now above 20 MA on Monthly.
Indicator is in buy
High volume candle on Day Time Frame
It appears clear institutions have entered now in this stock.
Sky is the limit
go long @ CMP
Investment Pick (1-3 Year apx)
Aban Offshore Ltd (CMP-51.5)
Multibagger in Formation
We are highly bullish on OMC Sector and this is somewhere related to that.
(OMC = Oil Marketing Companies)
It’s a penny share and has fallen 99% from its all time high (5200 to 52)
Completely a contra bet (Reversal expected from here as per TIME CYCLES ⌛)
Fundamental...
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
NSE:ABAN
Cmp : 65.40
Entry : Near Cmp 65.40
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose...
Breakout from rectangular box... Good close above previous swing high... Go long upto 5 to 10 % target with a stop loss of below the breakout candle...
Note :- Education purpose only... Not a call
ABAN OFFSHORE LONG
Education only.
It was best stock in 2007 with a price of 4700 rs. but now it is not. it is only used to swing trade at your own risk.
it is show good momentum and there is a loop hole also to further 10-15% move as per price trade action theory.
You can see this change in 2-3 days if market is in positive move,
What is your views please...
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.
