Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Aban Offshore Will it succeed?
18 sec read
[wp_ad_camp_5]
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.
Related
Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Trade Failed
now 10day sma trin of nifty touch to 1 its sign of down turn of market be caceous.
Sir, I stell holds ABAN … What should i do, whether book loss or average at lower levels ?