Weekly charts of Aban shows a slide from 4500 levels to 231 levels. But Last week Aban Shows a High Volume activity last week on friday. Currently Weekly RSI 2(3.85) is Heavily near Oversold levels. Technically aban is heavily oversold and a
valuable pick now with strict stop loss near 200 region
Also Weekly charts shows a very huge gap difference between 5 EMA and 13 EMA if converge towards 5 EMA then ABAN would target 348(approx) in short term. If converges towards 13 EMA then ABAN would possibly target 543(approx).
Daily RSI2- 0.023 Heavily Heavily Oversold
5 EMA – 270
13 EMA – 321
Maintain Strict Stoploss.
Happy Investing !!!