Stock : Aban Offshore
CMP : Rs 2614
Pullback : upto 13 day EMA : Rs 3000
This stock is highly oversold and all the indicators are in oversold position so a
technical pullback is possible in this stock upto the 13 day EMA which is nearly at
3000.
Timely Exit is necessary in this stock
Happy Trading !
Related Readings and Observations
NMA Buy/Sell Signal Update for Nifty Daily Charts
NMA Buy/Sell Signal update for Nifty Daily Charts.Exit Long/Sell Signal Produced near 5063.6 Source:
www.marketcalls.in
Nifty and Bank Nifty 90 min charts for 12 Mar 2012 Both Nifty and Bank Nifty had turned to buy mode on friday by breaking the resistance zone at the start of the trading session. Currently the cloud supports coming around 5285 and 10206 respectively.
High Probability Mean Reversion in Nifty Futures Nifty Futures 10 day autocorrelation turned negative for the last two days also the smooth oscillator holding near oversold zone which indicates possible mean reversion trades in nifty […]
State of the Market Interesting toon which depicts the current state of the market. Love to see the bear waiting for its turn to come!
Bank Nifty Futures Positive Uptrend to Continue in Short Term Bank Nifty Futures sellers are in control however momentum sellers are clearly missing from the market. Hourly support comes around 26206 levels. Throughout the June month bank nifty […]
Nifty and Bank Nifty 90 min charts for 13 Dec 2011 Nifty and Bank nifty continues to be in sell mode on the 90 min charts and it even breaks the major critical support zone 4688 & 8786. Current Cloud Resistance region comes near 5020 and […]
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