Tuesday, May 26, 2009

Pole and Flag in Aban Offshore (25th May)

After the spiking up moves with big volumes in Aban Offshore, from past 3 days price was consolidating with low volumes and formed a falling wedge. Today price gave break out of the wedge with decent volumes, though little more is desired. First target based on wedge is Rs.1000, further it can move up to Rs.1300 levels based on flag and pole target.


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