Get into Aban Offshore on declines: Ashwani Gujral
"Aban Offshore is in some kind of an uptrend but obviously it needs to correct. If it comes down to about levels of 460 that would be a good place to get into Aban Offshore."
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| Updated: Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his views on Praj Industries and Aban Offshore.
On the charts Praj Industries and Aban Offshore?
Aban Offshore is in some kind of an uptrend but obviously it needs to correct. If it comes down to about levels of 460 that would be a good place to get into Aban Offshore. Given the way it has rallied from 330, 450- 460 is just a 50% retracement of that. So I am much more positive on Aban particularly given the crude price.
Praj it has been a long time coming and we need to get past 95 sustainably to get into some sort of an uptrend to about say 115.
On the charts Praj Industries and Aban Offshore?
Aban Offshore is in some kind of an uptrend but obviously it needs to correct. If it comes down to about levels of 460 that would be a good place to get into Aban Offshore. Given the way it has rallied from 330, 450- 460 is just a 50% retracement of that. So I am much more positive on Aban particularly given the crude price.
Praj it has been a long time coming and we need to get past 95 sustainably to get into some sort of an uptrend to about say 115.
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