Aban Offshore.....

Aban Offshore Ltd is getting beaten left and right...any idea what's happening at this counter...is it really a good scrip to buy/hold/sell?

(Within this forum and several of firms recommanded to buy but it seems it is a waterfall right now and getting beaten down and down and down...)

AIM,

Yes,the volumes are also coming down ,it better to wait and watch rather than taking a position. If at all ,position is taken in the counter ,take small positions only and close them by day end.It can below 2000/- level.

very imp support = 2225
u never buy in a downtrend...let the stock resume an uptrend.
fundamentally strong scrip... can listen to the gr8 analysts & buy in a downtrend & average out on a loosing position.
take ur pick.
these analysts shud be kicked hard ....dont know from here they have learned these stuff.

ABAN - With Another 150-175 On The Downside, Should Give A Good Pullback & Thereafter Follow Through Shall Determine Its Uptrend, But A Definite Jump If It Goes Down By The Amount Indicated.


Happy & Safe Trading

SavantGarde

If the scrip goes below 2225 then there is something wrong fundametally. It can be cosidered a buy if it closes above 2500.

It is now 2160 and crashing down at jet speed...

Anyone has any inputs as how far this could go down?? Is something terriblly wrong with the scrip?

ABAN - 2038 Should Be It For Now.

SavantGarde

I agree with Savant, some accumulation is taking place in ABAN.

..it is shooting up now...2300+

Any idea how far this could for now?

I heard there is some bonus in sep AGM.. just a source based info or rumour