ABAN started a wild upmove from May 13, 2014 when it was priced at Rs. 515 to reach Rs.684 today and still counting. The present upmove started after a strong consolidation at Rs. 500 levels, when the intermediate and short term trend conclusively crossed over the long term trend. The following hourly chart shows the present upmove :
In fact ABAN was one of the first movers for the current bull run when it started making the moves in Nov- Dec. The move was first captured by TTO on December 6, when we had projected a target of Rs. 500 for the scrip. It has now well surpassed that target to move higher. The following daily chart captures the entire upmove from December till date :
