Buy Aban Offshore for target of Rs 1460:Angel

MUMBAI: Angel Broking has advised traders to buy Aban Offshore for target of Rs 1460.

“Aban Offshore has given a trendline breakout at Rs 1305 levels on the daily chart with rising volumes. Further, RSI and Stochastic oscillators are positively poised, which suggests further upside.

Traders can buy this stock at current levels and on declines upto Rs 1320 levels with a stoploss of Rs 1290 for a target of Rs 1460 in 5 - 6 trading sessions,” the recommendation said.

Note: Stoplosses, targets and timeframe are indicative and readers should use their discretion in following the same. Stoplosses / trailed stoplosses should be strictly implemented in order to protect profits / reduce losses. Non adherence to the same can lead to bigger losses at times.