Technical view by Nooresh

Aban Offshore – Short Term Bounce to 260 possible.



It seems suddenly a lot of stocks are breaking out on short term charts.

Initiated a btst trade in Aban at 230-232 looking at the symmetrical triangle breakout which has upside to 260 also on higher side.

Article by Nooresh Merani

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{ 2 comments… add one }
  • ashish October 10, 2013, 18:45

    Is this the sane way Sterlite Tech was going to bounce. I mean dead cat bounce?

    • Nooresh October 11, 2013, 00:07

      The outlook is a short term trade with a small stoploss so at 260 one should be out. Post that if it goes to 100 or 400 is not a traders concern.


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