Exit from aban offshore
Today the scrip opened at 1497.00 made a low of 1478.00 .Then boosted to 1538.40 and finally settled at 1507.50. and made doji candle stick pattern .Since 08 Jan to 15 Jan means in last 06 trading sessions the scrip is trading between 1431.00 and 1538.40. Is it consolidation for further breakout or doji is indicating for a trend reversal from here???
Because all other indicators are still warning that it is trading in highly overbought zone
DOJI Recognition: The open and close are the same or very close to the same.
Pattern Psychology: The Bulls and the Bears are conflicting. This is an alert to investors to take heed for possible trend reversal.
EOD chart
can see Doji candle ,next support at 1350.00,decreasing volume, converging macd,decreasing momentum ,moneyflow and overbougt rsi.all indicating a correction you may see very soon.
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