Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Aban Offshore Will it succeed?

17 sec read


 

CMP : Rs 442

Technicals

Bullish 20/50 day EMA crossover in Aban on daily charts. Its a crade buy with stop loss 425 on EOD basis.

Fundamentals

Aban Offshore has announced its fourth quarter results. The company's Q4 consolidated net loss stood at Rs 93.04 crore versus net profit of Rs 33.92 crore.

Its consolidated net sales were up 16.99% at Rs 774.08 crore versus Rs 661.64 crore and operating profit margin, OPM improved to 55.72% versus 50.65%.

Its Time for Technicals Versus Fundamentals.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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0 Replies to “Aban Offshore Will it succeed?”

  1. Sir, I stell holds ABAN … What should i do, whether book loss or average at lower levels ?

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