• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Multibagger Stock: ABG Shipyard, A long term buy target of 730, 3x Times Returns Possible from These Levels

By Bhaveek Patel 3 Comments

This stock is one of my favorite in this sector. The technical levels suggest that the stock is currently in the range, but we are confident that a breakout must follow in near term in the positive direction for such breakout our long term target stands at 520 and 730 level, also keeping our stops below the lower band of the current range i.e 350 zone.
Fundamentals are not very strong but still a buying opportunity exists on the long term fundamental view. Investor must buy this stock in small quantity for long term view of 2 to 5 years term only. Risk taking traders can buy this stock in futures contract as well only on break out above the 384 zone.
ABG Ship Yard

Share1
Tweet
Pin
1 Shares

You Should Read This:

  1. Midcap Stock: Buy Syndicate Bank Ltd.(SYNDIBANK), For Target 146 A positive breakout move was seen in the Syndicate bank chart, we are now bullish on the stock and one can start accumulating this stock at current levels as stock is now in consolidation phase...
  2. Short Term Stock: Buy Amtek Auto Ltd.(AMTEKAUTO), Target 156 This stock has corrected more than 48% from its 52 week high and hit its 52 week low of 110.05 last Friday (10 Dec 2010). But at current levels we see this stock is very...
  3. Multibagger stock: Buy Aarti Industries Limited above 38 Long term Target 180 This stock seems to consolidates for some time, finally a breakout long trade can be entered above the 58 level only for immediate target of 72 and 84, also one must place the stop loss...
  4. Midcap Multibagger Stocks: Fundamentally and Technically Strong Stock: 3MINDIA, target 4545 3M India Limited was listed on 7 February 1995 on NSE, the stock price was then about Rs.165 per share. Since then the stocks of this company has given extraordinary returns. Now the stock trades...
  5. Multibagger Stock: Buy MUNDRAPORT at 125, For Target 171 Start accumulating MUNDRAPORT stock as we can see the stock is near its bottom, this is definitely right time to pick stocks like Mundra port from the current market situation. The market capitalization of this...

Category: Multibagger Tags: ABGSHIP Stock/ Multibagger Stock

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. sunil gupta says

    ABG Ship Stock is accumulating now ; what i can see it can be breakout anytime for the target of 500+, for your reference i am attaching chart for the same.

    Reply
    • Bhaveek Patel says

      ABGship on weekly chart is near 100EMA some support is expected there. 364 – 360 zone must be immediate support.

      Reply
  2. Raj says

    Oh Man,

    you have been recommending such a whole load of shit junkyard stocks. And you have a blog for that???

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Stocks that have Out performed Market: Buy Aditya Birla Nuvo for Trading Target of 1425
Next Post: Is ABAN Ready for its next Bull Run? Buy now For Long term Target as 890, Bearish for Short term

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean