1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

ABAN - support broken

Discussion in 'Technical Analysis' started by sujan4bw, Jul 26, 2012.

  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    My view on ABAN major support broken at 383 yesterday , due to which to it touched 358 downside.

    Again at 340 , there is major support which bounced from those level in june and as well in July.

    Please let me know your views.

    Regards
    Sujan
     

    Attached Files:

    • Aban.png
      Aban.png
      File size:
      67.8 KB
      Views:
      177
    sujan4bw, Jul 26, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I don't see a bounce from 340 in Aban
     
    shabbir, Jul 26, 2012
    Share #2
  3. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Shabbir,

    on June 6th , we can see green candle from 340 level from there its continuation pattern till 13th july.

    Please correct me if Im wrong.

    Rgds
    Sujan
     
    sujan4bw, Jul 26, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    But previous day low was 326 and so why 340 becomes support (if any)
     
    shabbir, Jul 26, 2012
    Share #4
  5. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Shabbir,

    Thanks for correcting me. There is so much to learn from you.

    Regards
    Sujan
     
    sujan4bw, Jul 26, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    The pleasure is all mine and great to see that I am able to help you.
     
    shabbir, Jul 26, 2012
    Share #6