Aban Offshore showing a mild rally: CK Narayan, Sharyans Resources
Aban Offshore's rally may have an upside till about 800-810 at best - that too if the momentum in the market were to keep up.
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| CK Narayan, President Treasury, Sharyans Resources, in a chat with ET Now talks about Aban Offshore.
What is the call on Aban Offshore?
It is showing a mild rally for the moment and this rally may have an upside till about 800-810 at best - that too if the momentum in the market were to keep up. It has had its ups and downs and is a very volatile stock. At the price of about 770, it is actually trying to lift its head above the last peak in last supply point which was around the same price.
So if it were to sustain here, 800-810 should be on the cards. So I am not really looking at something beyond that mainly because the volumes and the momentum supports are not so sensational that it would help the stock stage higher levels. But for now, that is even at about let’s say Rs 25-30, it is a good trade for the day traders.
What is the call on Aban Offshore?
It is showing a mild rally for the moment and this rally may have an upside till about 800-810 at best - that too if the momentum in the market were to keep up. It has had its ups and downs and is a very volatile stock. At the price of about 770, it is actually trying to lift its head above the last peak in last supply point which was around the same price.
So if it were to sustain here, 800-810 should be on the cards. So I am not really looking at something beyond that mainly because the volumes and the momentum supports are not so sensational that it would help the stock stage higher levels. But for now, that is even at about let’s say Rs 25-30, it is a good trade for the day traders.
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