ABCIL Closes at `161.95 with a Fall of -0.10% on 07 April 2014 with formation of a Small Red Candle on Daily Price Chart with Huge Delivery Volume of 74.45% .Technically ABCIL is Looking Week on Daily Charts & It is entering into a Bearish Trend. Major Momentum Indicators are Showing Weekness on Daily Price Chart.
We Recommend to SELL : ABCIL at CMP
Target : `155/139.65
Stop: Loss :`163.95
Time Frame: 5-25 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market, Major World Indicies, Bonds, ETFs & Indian Economy. We use Ami Broker Charting Software (V-5.63), Pattern Explorer (V-5.65)& AmiTools-Power Scan(V-1.3.7).You can reach the Chartist here mail@niftynext.com Or Tel /SMS: +91 880 2230 836.
We Recommend to SELL : ABCIL at CMP
Target : `155/139.65
Stop: Loss :`163.95
Time Frame: 5-25 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market, Major World Indicies, Bonds, ETFs & Indian Economy. We use Ami Broker Charting Software (V-5.63), Pattern Explorer (V-5.65)& AmiTools-Power Scan(V-1.3.7).You can reach the Chartist here mail@niftynext.com Or Tel /SMS: +91 880 2230 836.