Buy Aban Offshore

Quotes with Resistance & Support

Market Information

This Short Term Call was posted on Nov 7, 2008

Aban Offshore can bought at current market price of Rs.950.
Company has posted very good results this quarter and is expected to do well in future.

It is India’s largest offshore drilling contractor in the private sector, offering world-class drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.

1 year chart of Aban Offshore compared with Nifty:

a. Line Chart:

Aban offshore chart

b. OCHL Chart:

Aban offshore chart

Note: Please do read our Disclaimer before making any investments in the above mentioned Stock(s).

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21 Responses

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Ranga Says:
November 12th, 2008 Posted at: 5:35 pm

Hello CB, ABAN is not 882. Can I take for short term? What is the time?
ranga Says:
November 12th, 2008 Posted at: 5:36 pm

Sorry, a typo.
ABAN is now 882Rs.
CB Says:
November 12th, 2008 Posted at: 9:58 pm

Hi Ranga, yes, buy it around 850 levels.
ranga Says:
November 27th, 2008 Posted at: 8:49 pm

Hello CB, shall I buy Aban, its around 700 or shall I wait for few more days. if it comes down still.
CB Says:
November 28th, 2008 Posted at: 9:06 am

Hi ranga, Don’t buy Aban yet.. It is looking weak and could come down further..
Sameer Says:
December 3rd, 2008 Posted at: 10:23 pm

Hello CB, shall I buy Aban at around 600 or shall I wait for few more days, if it comes down still?
CB Says:
December 4th, 2008 Posted at: 1:25 am

Hi Sameer, You may invest around 30% now and rest later..
mohit Says:
December 6th, 2008 Posted at: 2:31 am

hi Cb,

Should I buy Aban at 650 levels or should wait, do you think with falling oil prices company will be able to get good orders in future
ranga Says:
December 6th, 2008 Posted at: 9:44 pm

Hello CB, I am also thinking for this. shall I enter now. I have not seen this stock for a few days. will do as you say.

Thanks
CB Says:
December 6th, 2008 Posted at: 10:02 pm

Hi mohit and Ranga, I would advice to invest around 20/30% as of now. Yes, they have a strong order book and are expected to do well.. I feel that we might see an upmove for couple of days or a week in the markets and then again selling would come in. There is a high probablilty that Nifty will test lows of 2250..
mohit Says:
December 9th, 2008 Posted at: 3:26 am

Hey Cb

Thanks for your reply also can you guide me of any sites or books to learn more about day trading and understanding the charts and patterns etc.

Thanks
CB Says:
December 9th, 2008 Posted at: 11:27 am

Hi mohit, you can download ebooks from our site.. Link to download: http://nseguide.com/download-free-ebooks/
Yona Says:
December 11th, 2008 Posted at: 11:09 am

Hi CB. I have bought this stock at 662. Should i book profits today at 740 or hold?
CB Says:
December 11th, 2008 Posted at: 11:22 am

Hi Yona, yes, book partial profits.. it has resistance at 755-760..
sreejith Says:
February 1st, 2009 Posted at: 12:23 am

hi…i have been buin aban offshore cositently 3- 5 sahres f below 1000 levelss below
now have 85 sahres of itt last bought was at 457 .. now how much down side can we expect more in itt… i will lin g to buy 50 more sahress wat level can we buy it
CB Says:
February 1st, 2009 Posted at: 12:33 am

Hi sreejith, As of now you are in profits and don’t avg the stock.. Hold it for long term it is a good long term bet.. It has strong support at 400. If markets correct further and stock price comes below 400 avg the stock.
kalyan Says:
February 3rd, 2009 Posted at: 9:48 pm

Heard that the promoters pledged the shares amounting to 8.6% of the equity…dont know how much more the stock will fall now, the results were good, but this negative news
any one has any view on that
CB Says:
February 4th, 2009 Posted at: 12:36 am

Hi kalyan, not sure of that news effect. but company is doing great fundamentally.
akshat Says:
February 6th, 2009 Posted at: 2:30 pm

hi all
I am holding 100 shares of Aban offshore at 765rs, i am a short term trader, can you please guide upon the stock, what can be the bottom levels we can see from the current levels and till what time can i get my targets and would this share be able to give me good returns in the time span of 3 months????

Please advice will i be able to gain something from it within 3 months what are the targets and is averaging a good point of view for this stock.

Thanks awaiting for your assistance

Akki
(www.welcum.tk)
[Best Social Networking Website)
CB Says:
February 6th, 2009 Posted at: 3:58 pm

Hi akshat, it is a strong company fundamentally.. one reason for it coming down is promoters have pledged shares of the company some time back.. hold it for 4-5 months and avg on dips.
siddhu Says:
July 23rd, 2012 Posted at: 7:04 am

There is a high probablilty that Nifty will test lows of 2250.. Sir typing mistake I hope………. shud be 5250 am i correct