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Aban Offshore

Discussion in 'Technical Analysis' started by masihpatel, Nov 25, 2013.

  1. masihpatel

    masihpatel Active Member

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    Hi All, Can we enter this stock @CMP of 360 for the target of 395 with SL of 340(If we get chance tomorrow as it was already in UC today)? Please share you views.
     

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    Last edited: Nov 25, 2013
  2. shabbir

    shabbir Administrator Staff Member

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    No I would avoid because it has made big moves and so stop loss is too down for better ROI
     
  3. suniljoshikk

    suniljoshikk New Member

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    aban now showing barish rend so better stay way from aban
     
  4. sampdingu

    sampdingu New Member

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    Aban is moving towards its maximum level of Rs. 400 plus achieved in January 13 on the daily chart . The raise has been too fast in the last week and one cannot say if there is going to be a fall like wise. It is therefore better to wait for it to reach the previous maximum achieved and then think of going short on
    its retracement. -- Sampath Kumar
     
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  5. suniljoshikk

    suniljoshikk New Member

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    Aban offshore is showing bearish trend,so better take a patience to invest lower level.
     
  6. yankeedin

    yankeedin Responder

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    Aban has been consolidating for nearly 2 weeks above 700 on closing basis. Taking this as SL can be bought for target of 850
     
  7. shabbir

    shabbir Administrator Staff Member

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    Spot on.
     
  8. masihpatel

    masihpatel Active Member

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    Great Dinesh, rocking today.
     
  9. yankeedin

    yankeedin Responder

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    yes Masih, and hope would cross 800 soon
     
  10. yankeedin

    yankeedin Responder

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    Hit high of 804. better to book partial profit
     
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  11. masihpatel

    masihpatel Active Member

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    Party time.:hurray:
     
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  12. shabbir

    shabbir Administrator Staff Member

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    Exactly :D
     
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  13. yankeedin

    yankeedin Responder

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    Aban reached target of 850 today :party:
     
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  14. shabbir

    shabbir Administrator Staff Member

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    Party :D
     
  15. yankeedin

    yankeedin Responder

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    Aban, is finding support again near 700 levels. Can be initiated again but only above 770, but strict sl of 710 needs to be maintained
     
  16. shabbir

    shabbir Administrator Staff Member

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    I prefer waiting for the pattern of W to be formed.