ABIRLANUVO share outlook dec 2012

ABIRLANUVO share technical report

ABIRLANUVO daily chart

ABIRLANUVO daily chart analysis

ABIRLANUVO share currently trading at 1094 with loss.on daily chart stock is absolute uptrend and momentum also still holding on long side.

we see on left side of chart,rally was started at 780 level and since then we seen almost 30% gains.currently share trading above all short term averages.on chart 980 to 1020 is short term traders buying area.while we expect 1205 as short term target in next 3-4 months.below 980 may change uptrend.

ABIRLANUVO weekly chart analysis

ABIRLANUVO on weekly chart holding uptrend.on chart we see rally stared at 850 with breakout and now prices consolidating.major long term averages are in range of 860 to 930 and that is entry zone for fresh medium term investment.

our medium term targets on this stock is 1380.fresh investment current level is not favorable according to risk reward ratio.

ABIRLANUVO monthly chart analysis

ABIRLANUVO share on monthly chart showing straight 4 th month positive gains which si also sign of bull market for stock.on monthly chart we expect sharp run as stock breaking out through range bound movement.

for long term view we have price target at 1580 with months to year views.long term indicators also suggesting bull run and investment zone was 600-700.

ABIRLANUVO performance in 2012

ABIRLANUVO share on FDI hopes and positive fund buying given almost 52%.while Indian stock markets given 27 to 26% return so clearly winning horse.this outperformance may continue with long term view.

ABIRLANUVO historical chart

ABIRLANUVO on historical chart shows journey started at 150-200 zone in 2002 and in 2008 bull market we seen highs of 2300.so in 6 years we seen 11-12 multiple return on investment.and then again on crash we seen lows near 400 but now prices once again really to set bull market here??

ABIRLANUVO short term target is 1205.ABIRLANUVO medium term target is 1380 while long term target is 1555.this is for those having investment in this stock on lower level.fresh buying suggested near supports only.