Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Aban Offshore Trading above resistance line

24 sec read


 

This post is with respect to the last technical view on aban

CMP : Rs 318.95

Aban Today Sustains above 317.6

Just above Weekly 5 EMA ( 317.6) and 20 day EMA(317.2) Resistance line

RSI-2(daily) – 98.67(Overbought levels)

If sustanins above 317 on friday(i.e tommorow) then next target towards 34 day EMA
34 EMA(Daily) – Rs373.9 .Else Usual profit booking in this counter.


http://www.nseindia.com/content/equities/scripvol/datafiles/01-03-2009-TO-20-03-2009ABANXN.csv

Check out the Enough Deliverable Quatity Not even 10%. Poor One. Still the stocks moves

purely based on speculation. Still Investors are not finding it as a valuable buy.

Will the speculation continues???

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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0 Replies to “Aban Offshore Trading above resistance line”

  1. Yes really critical now. Breakout above 2830and Nifty is breakdown if 2830 is not surpassed.

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