ABAN OFFSHORE
- Stock has formed head and shoulder formation and on the verge of bearish breakout.
- Stock also coming down from 38.2% fibonacci retracement resistance zone this will favor bears.
- Technical chart also indicates that its major trend indicator like "MACD" and "Stochastic Oscillator" is moving in -ve zone this indicates further price fall can be seen once stock closes and holds below 533.50.
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