[sharetrading] ABAN

 

If aban does not breach 668.5, then it would form a rock solid support, if next 2 days it stays above it. That is if markets do not crash……………..

Buy signal is still far away (870)… It could take another 2 weeks before some strength begins to show. But GOM tragedy, is bound to increase the rig rates in LT, hence these companies will do well in long run. And the reason for this drop is not valid in MT….

Previous low near this low is 631. Which is hardly 5% away… And 640-680 has provided support many times in past. Hence one may begin buying SIP on every drop or rise…. Or add if already invested in..

 

Abe

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