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.


  1. ashish
    October 10, 2013

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

    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.


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