[sharetrading] ABAN

 

The bull power in this scrip seems to be steady and increasing slightly and bear power seen decreasing rapidly. However, the buy signal for LT is far away at 946. Hence this could be a bounce from depths. In my opinion, it is a buy and hold as of now, with individual SL. Presently it appears headed towards 780, if 725 is breached… It is very volatile as of now and the advice is buy in a whip down, with 2% SL…..

 

Markets expected to move till noon in a tight band…..

 

Abe

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