ABAN OFFSHORE LTDThe purchase is around 29 INR
Selling at INR 185
Targeted 6 times the price within 138 weeks
The stock is low from 5555 INR for several years, and the decline did not stop until 2020, at 12.60 INR.
Every offshore oil services sector in the world is the same way
I wish you successful trading
ABAN trade ideas
#ABAN #ONGC #IOC #RELIANCE #OIL #HINDOILEXP #ASIANENE #SELAN #IT
#ABAN
NSE:ABAN
CMP: 54
TP: 74
SL: 44
TF: <6m
RR > 2 times
Return 17%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Trend Reversal.Price has clearly closed above trendline on daily frame and stands currently on 50 SMA.RSI is also in a good zone on weekly and monthly frame. Increase in volume can be also seen clearly.Also, gap between 50 SMA and 200 SMA is narrowing on weekly frame and a crossover can be expected.Can give good long term targets.Educational Purpose Only.