hi For investment this stock buy and forget it, we see moving average yet not given confirmation and it might take time to confirm it, before that we see the trend lines, for long term keep watch or buy from current level and if it breaks then add more at 180 range for target 260 above.
Aban Offshore reversed back from the support level with very good volume.
Hi A Bullish Gartley pattern is developing on Aban -0.47% Offshore Daily Charts . Potential Price reversal zone will be 1.13BC = 211.5 0.786XA= 206 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Note : Daily Trend line shown as red color. Stop loss would be placed below X leg structure support ....
Break the Channel Target : 231,238 Stoploss : 219
Although in demand zone, if closed below 241.20, Resistance 247.30, Support 234.65, 228.95.
NSE:ABAN CMP : 246.85 Here's the formation and levels, trade accordingly . Thanks.
It is been observed on the Daily chart that the price action trending up in channel and then consolidating in a big symmetrical triangle. Now, it has finally breaks above the triangle consolidation indicating a further move up. Target: 260 Stoploss: 242
bearish engulfing pattern there and price below 8 ema short the stock
Upthurst, Spinning Top imply pause and a possible reversal Exhaustion Gap manifested few hours ago Breach of 240 with strong day will send prices to 170 levels {Principle of Equality}
Aban Will touch 288 soon.. and if close above 291 then target on screen 350-400 also possible in next 10-12 month.. now next 3 month target 288 then 320
Weekly chart of ABAN shows flag breakout. Long position for around 2 months Stop ~240 Tgt~ 300-305
SELF EXPLANATORY CHART Momentum or Swing Trade Target 1- 280 Target 2- 300 SL 235