November 3, 2010

Price volume breakout - ABG SHIPYARD LTD


  • Posting the chart to show the potential of a perfect price and volume breakout.
  • The breakout above 284 went till 490. 
  • From March this stock was in a sideways consolidation with low volumes.
  • From 27 september to 1st october this stock traded from a low of 238 to 250 with a volume of 0.979 million stocks getting traded in NSE.
  • Next week from that is from 4th October to 8th October  stock went from a low of 243 - to a high of 299 with 8.4 million stocks getting traded.
  • Weekly chart is showing major support at 380 levels and resistance at 590 levels. 
By at

5 comments:

  1. RajibNovember 3, 2010 at 1:43 PM

    Can you please also check for ESSELPACK ... I see similar pattern in its weekly chart!

    Regards,
    Rajib

    ReplyDelete
  2. ashNovember 3, 2010 at 1:50 PM

    please check my stocks also eichermotor :itenshares.blogspot.com

    ReplyDelete
  3. UnknownNovember 3, 2010 at 6:37 PM

    EVEN ASTRAMICRO ALSO

    ReplyDelete
  4. SanNovember 3, 2010 at 7:53 PM

    @Rajib
    I hope you saw the reply in Sir's blog. If not i repeat the stock you mentioned did the same breakout. But has good resistance at 58.

    ReplyDelete
  5. SanNovember 3, 2010 at 7:54 PM

    @K.R
    I will see the chart

    ReplyDelete

Subscribe to: Post Comments (Atom)