Showing posts with label Trading lessons. Show all posts
Showing posts with label Trading lessons. Show all posts

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.