{LONGTERMINVESTORS} Re: Aban Offshore

Hi Hemant,

Thanks for update,

Bhalchandra

On Sunday, October 16, 2016 at 9:57:33 PM UTC+5:30, Hemant Barve wrote:

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.

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