Aban Offshore – Short Term Bounce to 260 possible.

aban

 

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.

2 Comments

  1. ashish
    October 10, 2013

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

    Reply
    1. Nooresh
      October 11, 2013

      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.

      Reply

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