{LONGTERMINVESTORS} Fwd: Aban Offshore

Aban Offshore  CMP 260.45  FV 2

As expected daily MACD has given sell signal.

Expect 240 level.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 16 October 2016 at 21:52
Subject: Aban Offshore
To: longterminvestorsresearch@googlegroups.com

Aban Offshore  CMP 260.8  FV 2

By going to high of 266.25 yesterday it has 

1. Breached July month's high of 241.25

2. breached the quarterly short term EMA ( 250.90 ) 1 st         time since it  breached it while coming down on Dec 14.

3. Registered more than double volume that of entire last         month.

Now as volume is drying expect retracement up to 220  where the daily medium & long term EMAs are.

Chance to enter as next resistance is at monthly long term EMA which is now at 308.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

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