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).
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