An upside up to 190-195 possible on RComm: Vinith Jain, Siddh Capital

Vinith Jain, director, Siddh Capital, in a chat with ET Now talks about RComm and Idea.

We have RComm, Idea, all of them rising once again and on heavy volumes as well, the M&A buzz getting louder. What is your call in these two stocks?

Reliance Communications has formed a double bottom pattern at 130 and the stock looks having bottomed out after having crossed the key resistance of 148. I see an upside up to 190-195 on the stock. One can buy here and keep a stop loss below 145. Idea has not made a strong pattern yet. So maybe if anyone is long, just hold onto the stock and see what comes out further.