Tuesday, March 31, 2015

EW Analysis on ABG Shipyard

Shown above is the daily chart of ABG Shipyard. As we can see the stock has completed an expanded A-B-C correction. Therefore, one can expect a bounce till 225, generally a dead cat bounce, since, it had a continued A-B-C-X-A-B-C correction. Could build momentum if it holds the level of 225 for a few trading session. Visit www.nseequityguide.blogspot.com for more calls.