Advertisement

ABAN OFFSHORE Share Tips, Technical Analysis Chart - Stock facing strong support at current levels , selling expecting if closes below 714. (Updated for 28th July 2014, Monday).


ABAN OFFSHORE




  • ABAN OFFSHORE is witnessing selling from higher levels (38.2% fibonacci retracement) this will favor bears... Stock currently facing 50 days moving average support as shown above... this indicates if stock closes below its moving average and stays below then Aban to give further weakness.
  • Daily chart also indicates stock is facing 50% fibonacci retracement support around 714, if stock closes below 714 and stays below then stock to favor bears for next 1-2 trading days. if falls then stock will find next strong support at golden ratio 61.8% fibonacci retracement around 670 (as shown above in chart).
    • Intraday close watch, if ABAN  starts trading below 714, and stays below with volumes then intraday weakness is expecting.
  • Daily chart also indicates that ABAN MACD indicator is moving in a -ve zone this will too favor bears. close watch.
  • Click here to see all the reports (tips) published by us on ABAN OFFSHORE (as per technical analysis point of view).



Posted by
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Advertisement

What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.