ABAN Offshore - The Rise Continues

ABAN Offshore has turned out to be a good investment for those who invested in the scrip in the month of May at Rs. 500 levels as   crossed touched Rs. 900  today. In fact the stock has moved unabated from Rs. 250 levels in November 2013. See our earlier post The Meteoric Rise of ABAN Offshore dated  May 21, 2014.

The following  hourly and daily charts with TTO shows how ABAN has given superlative returns in such a short period.

The Meteoric Rise of ABAN Offshore

ABAN started a wild upmove  from May 13, 2014 when it was priced at  Rs. 515 to reach Rs.684 today and still counting. The present upmove started after a strong consolidation at Rs. 500 levels, when the intermediate and short term trend conclusively crossed over the long term trend. The following hourly chart shows the present upmove :

In fact ABAN was one of the first movers for the current bull run when it started making the moves in Nov- Dec. The move was first captured by TTO on December 6, when we had projected a target of  Rs. 500 for the scrip. It has now well surpassed that target to move higher.  The following daily chart captures the entire upmove from December till date :