Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Emergency Buying in Aban Offshore

34 sec read


[wp_ad_camp_5]

 

Stock : Aban Offshore
CMP : Rs 437
13 WEMA : Rs 457
34 WEMA : Rs 1006
Charts : 3 Year Weekly
 
Almost all the Oil Sector related stocks are making breakouts and trading above 200 Weekly Moving average (e.g Reliance, Essar Oil, MRPL, GAIL and even ONGC is nearing 200 WMA). but the only stock that is trade below below 200 week moving average and even  below our favorite 13,34,55 Week Exponential Moving Average line. Also Rate of Change indicator (ROC-10) is very close to 0(-9.6) indicates that breakout is very nearer.
 
So in near term aban will try to test atleast 34 Week EMA(Rs 1006) if trades above 13 Week EMA(Rs 457).
So this is an emegency declaration for Investors and short term traders to find oppurtunity in Aban offshore with
stop loss near Rs 400.
 
Related Posts
 
Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Jubilant Food – Price Analysis – Medium Term Outlook

Above is the weekly chart of jubilant food works the stock future closed the day 1371.35 on 02 September 2014, the stock is highly...
Mohit Jhanji
28 sec read

Petronet LNG – Equity Research Report

Petronet LNG closed strong day on day bullish, with an outside bar bullish reversal candle on weekly charts. The stock is in strong momentum...
Mohit Jhanji
1 min read

Reliance in Slow transition towards Bull Market?

If you had looked either into the Daily or Weekly charts of Reliance there is too much noise in the charts. The another way...
Rajandran R
24 sec read

4 Replies to “Emergency Buying in Aban Offshore”

  1. Aban trading at 485. And also 10 day momentum indicator turn positive suggesting more upmoves in future

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More