Aban Offshore a risky bet, don't enter at current levels: Ashuu Kakkarr

In a chat with ET Now, Ashuu Kakkarr, technical analyst, talks about the outlook of Aban Offshore.

Is it too late for someone to get into Aban Offshore? Now at Rs 885, it has already moved up 6-6.5%. Can it go up further?

There should have been a correction today till Rs 800 but the news flow has given a positive momentum. Probably getting in at this point of time is too late but probably a technical buy will happen only above Rs 980 levels for a target of Rs 1,030-1,140 but in the short term as of now I think it's a risky bet.