Trading Idea ABAN OFFshore

By | September 5, 2008 5:34 pm

The stock seems to have bottomed out at 2,000 levels

After consolidating between the levels of Rs2,020-2,150, it has formed an
Upside Breakout formation on the daily charts, breaching through the trading range of last week. The
daily oscillators are also showing signs of revival in the stock with RSI showing a positive crossover.

Be a buyer in Dips of this stock with a tgt of 2546 and 2650 Keep a SL of 2000 on Longs initiated.

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