Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Aban Offshore Will it succeed?

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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 Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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3 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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