June 19, 2012

Aban Offshore - Buy


Aban Offshore (Face value - 2/-, dividend - 180%)

Daily spot chart shown above.
It is still moving in a big downward channel from feb'12 onwards. from June'12 it is trying to try for the breakout.

One can buy this stock as on weekly charts it seems to found support around double bottom level of 320

Buy above 360 for target of 378 - 380 with stop loss of 354

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