NSE Share Tips for 21st June, 2010: Buy Aban Offshore
June 19, 2010 by admin
Filed under Analyst's Corner, General
NSE Stock Market Tips for 21st June, 2010: Buy Aban Offshore
On the Daily Charts of ABAN has crossed its important support of 730 on Thursday itself and made a high of 750.90 on Friday.
The stock is bottoming out from its low and has gained strength too after crossing its 20-days EMA (Exponential Moving Average) of 724.82. 50-Days SMA (Simple Moving Average) is quoting at 923.16. In the coming days, if stock crosses this level, it will be very strong and will touch new highs.
The 14-Days RSI (Relative Strength Index) has strengthened on the intraday charts and is quoting at 43.78 on the Daily Charts (RSI below 50 indicates weakness or confirms the Selling signal).
The Positive Directional Index (29.57) has crossed the Negative Directional Index (28.22), ADX (Average Directional Index) has gained strength on intraday charts and is quoting at 25.94 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.
Hence, it is buy ABAN only if it trades above 730 for the Targets of 790 & 807, with the Stop Loss of 680.
By 30th June 2010 Aban Off Shore will cross 900 level for Sure.
Aban is going very strong and after a deep analysis and discussion with knowledgeable guys it is predicted that ABAN will click 800+ by coming Friday (25th June 10). Buy tomorrow (Monday) at whatever price it opens.