Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Aban Offshore Trading above resistance line

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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???

Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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2 Replies to “Aban Offshore Trading above resistance line”

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

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