ABG Shipyard stock analysis 2014

ABG Shipyard stock analysis, price, daily charts, weekly chart, performance, forecast, predictions, outlook, trading tips for year 2014.

ABG Shipyard stock daily chart analysis

ABG Shipyard stock on last trading session closed at 253.8 with loss. On daily chart, stock price trend and momentum both are bearish. Stock had given bearish breakout at 282 and now heading to lows.

For month of March 2014, stock price below 273 remain under pressure. On downside, 245 and 230 are strong support zones while on upside 273 and then 287 are strong resistances on chart. Daily chart indicators pattern are also bearish and suggest downside in upcoming days.

Short-term traders below 273 keep bearish view for stock. 245 to 230 will be targets for March series.

ABG Shipyard stock weekly chart analysis

ABG Shipyard stock on weekly chart is showing losses for the week. This will be second losing week after downside breakout. Weekly chart price trend and momentum is down and downside breakout level was 300 rupee.

From medium term view, 220 and then 165 are strong support zones. On upside 300 and then 330 are strong resistances. Below 300 stocks will remain bearish and may show lower levels up to 220-200. Weekly indicators pattern also bearish and suggesting downside will continue for upcoming weeks.

ABG Shipyard stock monthly chart analysis

ABG Shipyard stock in last 6-month period had given negative 10% return to investors and underperforming as compared to major indices. On downside, 200 rupee and then 68 rupees are historic support zones. For investors below 200 rupee stock will be best buy while 68 rupee is value buy zone, which had seen in February 2012. ABG Shipyard stock had recorded all time high near 1132 in 2009.

For investors 12-18 month price target for this stock will be around 476 and 5 years target will be around 650 rupee.

ABG Shipyard company description

ABG Shipyard Limited is engaged in shipbuilding and ship repair business. The Company’s shipyard has manufacturing facilities including a ship-lift facility with a lift capacity of 4500 tons, side transfer facilities, concentrator plasma cutting machine, bending rolls, hydraulic press, cold shearing machine, frame bending machine and steel processing machinery. During the fiscal year ended March 31, 2012, (fiscal 2012), it delivered 14 vessels. Its product range includes 102M Side Loader / Newsprint / Container Ship, 83.5M DP2 Diesel Electric Propulsion Diving Support Vessel, 26 Metre High Speed Aluminium Interceptor Vessel, 47M 80 ton Bollard Pull MPV, 60.8M DP1 Diving Support Vessel, 56 M Well Test / DP2 Supply Vessel and 50 M Well Test / Supply Vessel. During fiscal 2012, it bagged an order of UDS 101.14 mio from Shipping Corporation of India for construction of 6 nos. of 63.4 meters twin screw diesel driven 2000 deadweight 80T bollard pull anchor handling tug supply vessels.

ABG Shipyard stock fundamental ratios

Range251.00 – 258.95
52 week228.00 – 356.00
Mkt cap12.84B
P/E    –
Inst. own

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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