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GO FOR LONG ABOVE 88
SUPPORT AROUND 80-77
INVESTMENT PURPOSE ONLY
NSE:ABANAban lost 6.42% on 30 May. Next support is 142.55 which is a low and is very near to the closing price of 30 May 18. The probability of a break lower is possible and may trigger stops of those who are long and there is a possibilty of a long red candle on the day it breaks.
View mentioned on the chart...
ABAN has made a bottom and now looking to go UP
I would buy now for
nice rounding bottom and consolidation , just needs some volume on its side to mega trend
retrace entry of a strong volume based prior breakout
ABAN offshore breakout rally after crossing resistance of 220
Can be accumulated till 205.
Break Out with Volume.
Break Out in Channel.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
Double bottom, Major support line
On 9th Oct 2017 Aban Offshore was recommended around 182 for target of 228 initially
Today it made a high of 230. Target achieved. Aban Offshore delivers a 25% return in 1 month. Yippee...
So What is this Make it ...
Stock is coming out of consolidation phase, also stock has correct more what we think. If stock crosses 207 level then short term target will 218 and 250
Scrip has almost formed the low of the rounding bottom which resemble a “V” bottom, the trend has been validated by trend period which took 5 months to form however volume increase at the end is yet awaited for perfect trend formation/breakout
The scrip has gone through long consolidation period that turns from a bearish bias to a bullish bias but yet to see ...
Last time when the stock was at 182.40 we suggested a short term breakout on the cards...
If you have caught it early great because now looking at the bigger picture things are looking much brighter if it ...