Hold Aban Offshore for Rs 1,000 target: Equityrush

In a chat with ET Now, Kunal Saraogi, technical analyst, Equityrush, talks about the outlook of Aban Offshore.

What is your reading on Aban Offshore?

Overall the chart looks okay. The stock collapsed after the news of the rig loss, but it has recovered since. The stock can be held on to with a stop loss of Rs 820. I see targets of close to about Rs 1,000 on Aban Offshore if it is held long enough. So, I am bullish on Aban Offshore and you can hold on to the stock.