• 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

Is ABAN Ready for its next Bull Run? Buy now For Long term Target as 890, Bearish for Short term

By Bhaveek Patel Leave a Comment

Aban Offshore is one of the oldest drilling companies of India. This company drill wells for the oil companies. The stock has outperformed significantly well over the past 10 years from the Rs.4 per share in 1999 to Rs.5400 per share in early 2008, since then the stock was on down trend making a low of Rs.221 in march 2009. We are very sure that in the near term the liquidity will be come back into this stock and we will again see the bull run.
At current levels we are bearish in ABAN as the CMP is below the 50 SMA, 200 SMA and the technical indicators are suggesting the short positions only. We will be going long only if the stock manages to close above the 635 level for at least two days. Positional target for this stock in long term will be 890 and 1220. While stop loss must be placed below 540 zone.
ABAN Offshore Logo

Share1
Tweet
Pin
1 Shares

You Should Read This:

  1. State Bank of India is Trending Down: Short term Trading Strategy, Short Sell SBIN for Target 1818 State Bank of India Ltd. is largest nationalized bank in India, having more than 26,500 branches across the country and about 137 branches abroad, also it has more than 25,000 ATMs, however SBI Group has...
  2. Is HDFC Bank Ready for Bull Run? What Financial Experts says Buy or Short Sell HDFC Bank is second largest private sector bank in India, with the strong growth this bank has grown to huge banker in the last 15 years. This is also one of the most bullish stock...
  3. ABAN Stock for Intraday Trading Gain Today: Buy ABAN Near 388 for Target 399, Analysis Advices Pullback in ABAN ABAN on last Friday has given a very good closing above 381 level, so we bullish in this stock for short term view and we would suggest intraday traders to buy this stock near 388...
  4. Short Term Bullish Stocks: Buy Siemens Today for Short Term Target as 945 Level, Risky Call Siemens Ltd. is engaged in electrical equipments business we can also call it as capital goods segment. Siemens Ltd is one of the oldest listed company in India, it was listed on NSE on 6...
  5. DLF Short Selling Opportunity in Short Term, Target 175 Level Dlf has been pointed-out by a Canadian based research firm Veritas Investment Research, this firm reveals the poor companies which are doing bad in term of financial. DLF stock was trading around 209 when company...

Category: NSE/ Short Term Stocks Tags: Bull Run/ Buy ABAN/ Short term 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

    we should wait for 330 label it should be a great support and there stock should bounce back till 415 and if break 330 then it can go down till 230/20 label.

    Reply
    • Bhaveek Patel says

      Sir, Aban has support around 320 – 330 zone. Short term trend is slightly bearish, wait for consolidation before upmove.

      Reply

Leave a Reply Cancel reply

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

Previous Post: Multibagger Stock: ABG Shipyard, A long term buy target of 730, 3x Times Returns Possible from These Levels
Next Post: Midcap pick For Short term Trading: Buy ABB At CMP for Long term Target 960, Bullish Momentum seen

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