Saturday, October 29, 2011

EAGLE EYE TECHNICAL ANALYSIS OF STOCK: BUY ABAN BFUTILITIE

EAGLE EYE TECHNICAL ANALYSIS OF STOCK: BUY ABAN BFUTILITIE




ABAN @ 425.8
Below chart ABAN indicate that  the stock price has formed a Double Bottom. The stock price has clear the upper trend line with support of good volumes.Technical indicate MACD is in Buy mode.RSI is in positive mode.cuurently stock is trading above 10-20sma The upmove will continue where the target seen around 490/505 and stoploss @ 395


BFUTILITIE @ 486.05
Below the chart of  BFUTILITIE indicate that the stock price clear the interim resistance with support of good volumes.The upmove will continue where the target seen around 540 and stoploss @ 465