Aban Offshore - Update

Aban Offshore - Earlier post is here

It is not able to cross the immediate downward slopping trendline and also closed below the lower upward trendline.

Stock never went above 360, so buy was never trigger.

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